UPDATE: Credit Suisse Downgrades Responsys Following Oracle Acquisition Announcement

In a report published Monday, Credit Suisse analyst Michael Nemeroff downgraded Responsys, Inc. (NASDAQ: MKTG ) from Outperform to Neutral and increased the price target from $22.00 to $27.00. According to the report, the downgrade followed Oracle’s Friday announcement stating their intention to acquire the company for $27/share, a 38%