• TD Cowen cut its ORCL price target to $240 from $300 while maintaining a Buy rating.

• Oracle’s aggressive AI data-center expansion is raising concerns over rising capex, debt, free cash flow, and its ability to generate returns from its massive backlog.

• A New Mexico court stayed key permits for Oracle and OpenAI’s Project Jupiter, potentially delaying new cloud capacity and increasing costs.

Oracle Corp. shares fell 5.2% on Tuesday, its biggest single-day drop since mid-July, as investors weighed a fresh price-target cut from TD Cowen alongside a broader market selloff driven by renewed tensions between the U.S. and Iran.

Oracle closed at $141.32 and fell nearly 0.8% in overnight trading….