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Morgan Stanley Downgrades Rackspace (RAX) to Equalweight

May 12, 2015 6:53 AM EDT
Get Alerts RAX Hot Sheet
Price: $31.99 --0%

Rating Summary:
    5 Buy, 21 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 18 | New: 17
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Morgan Stanley downgraded Rackspace (NYSE: RAX) from Overweight to Equalweight with a price target of $49.00 (from $55.00).

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 $53.13 yesterday.



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