Kaufman Bros. Upgrades Rackspace Hosting (RAX) to Buy
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Kaufman Bros. upgrades Rackspace Hosting (NYSE: RAX) to Buy. Price target increased from $16 to $22.50.
Kaufman analyst says, "Upgrading to BUY; Expect growth to accelerate in 2010...Strong 3Q09 results...Largest risk remains pricing competition – but our concern has been pushed out...Raising estimates."
To see more analyst ratings on RAX Click Here.
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