Piper Jaffray Upgrades Rackspace (RAX) to Overweight, Reaffirms Price Target
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Price: $31.99 --0%
Rating Summary:
5 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
5 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Piper Jaffray upgraded shares of Rackspace (NYSE: RAX) to an Overweight rating from its previous rating of Neutral, while reaffirming its price target of $43.00.
Shares are currently up $0.32 or 1.02 percent to $31.81 ahead of the opening bell on August 9. Shares closed down $4.45 or 12.28 percent at $31.49 on August 8.
For more ratings news on Rackspace click here and for the rating history of Rackspace click here.
Shares of Rackspace closed at $35.94 yesterday.
Shares are currently up $0.32 or 1.02 percent to $31.81 ahead of the opening bell on August 9. Shares closed down $4.45 or 12.28 percent at $31.49 on August 8.
For more ratings news on Rackspace click here and for the rating history of Rackspace click here.
Shares of Rackspace closed at $35.94 yesterday.
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