Pacific Crest Securities Initiates Coverage on Rackspace (RAX) with an Outperform

September 23, 2009 11:20 AM EDT

Pacific Crest Securities initiates coverage on Rackspace (NYSE: RAX) with an Outperform rating. Price target $22.

To see more analyst ratings on RAX Click Here.

Rackspace Hosting, Inc. provides information technology (IT) as a service, manages Web-based IT systems for small and medium-sized businesses, as well as large enterprises worldwide.


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