Goldman Sachs Upgrades Rackspace (RAX) to Buy
More News related to RAX
- Rackspace to Host Conference Call for Fourth Quarter and Year-End 2009 Results
- Rackspace to Host Investor Conference Call with Merriman Curhan Ford Equity Research Analyst
- Rackspace Hosting to Present at Investor Conferences in February and March 2010
- Merriman Curhan Ford Initiates Coverage on NaviSite, Inc (NAVI), Rackspace Hosting, Inc (RAX), SAVVIS, Inc. (SVVS) and Terremark Worldwide, Inc. (TMRK)
- Merriman Curhan Ford Initiates Coverage on Rackspace (RAX) with a Buy
More News related to Upgrades
- Sidoti & Co Upgrades AMCOL International (ACO) to Buy
- Davenport Upgrades Foster Wheeler (FWLT) to Buy; Sell-off is Overdone
- Brean Murray Upgrades Iconix Brand Group (ICON) to Buy
- Brean Murray Upgrades WMS Industries (WMS) to Buy; Attractive Opportunity
- Thomas Weisel Upgrades Agrium (AGU) to Market Weight, Boosts Target to $68
Goldman Sachs upgrades Rackspace (NYSE: RAX) from Neutral to Buy and raised its price target from $16 to $23. The firm said their proprietary cloud hosting pricing survey "indicates that Rackspace is well-positioned to stay ahead of new cloud competition, given its value pricing and reputation for customer service."
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.
Related Categories
Trader TalkUpgrades
Stocks Mentioned
+0.03Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
