UPDATE: JP Morgan Downgrades Eloqua to Neutral on Oracle Acquisition
December 21, 2012 at 11:11 AM EST
JP Morgan reduced its rating on Eloqua (NASDAQ: ELOQ ) from Overweight to Neutral with a price target that has been reduced from $27 to $23.50. JP Morgan commented, "ORCL announced yesterday that it will acquire B2B marketing automation vendor ELOQ for $871 million in