Cowen Downgrades Rackspace (RAX) to Market Perform

August 26, 2016 1:31 PM EDT
Get Alerts RAX Hot Sheet
Price: $31.92 +0.06%

Rating Summary:
    7 Buy, 25 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 17 | Down: 27 | New: 7
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Cowen downgraded Rackspace (NYSE: RAX) from Outperform to Market Perform with a price target of $32.00 (from $38.00).

For an analyst ratings summary and ratings history on Rackspace click here. For more ratings news on Rackspace click here.

Shares of Rackspace closed at $30.19 yesterday.

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