Wells Fargo Downgrades Rackspace (RAX) to Market Perform
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Cowen Downgrades Rackspace (RAX) to Market Perform
August 26, 2016 1:31 PM EDTCowen downgraded Rackspace (NYSE: RAX) from Outperform to Market Perform with a price target of $32.00 (from $38.00).
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 $30.19 yesterday.
... MoreJMP Securities Downgrades Rackspace (RAX) to Market Perform
August 26, 2016 12:56 PM EDTJMP Securities downgraded Rackspace (NYSE: RAX) from Market Outperform to Market Perform.
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 $30.19 yesterday.
... MoreApollo Global to Acquire Rackspace (RAX) in $4.3B Deal
August 26, 2016 8:49 AM EDTRackspace (NYSE: RAX) entered into a definitive agreement with affiliates of certain funds managed by affiliates of Apollo Global Management, LLC (NYSE: APO), a leading global alternative investment manager, to be acquired for $32.00 per share in cash. In connection with the transaction, funds managed by Searchlight Capital Partners, L.P. will make a strategic equity investment in the acquired company. The transaction has a total value of $4.3 billion, which includes the assumption of $43 million of net cash. Upon completion of the transaction, Rackspace will become a privately held... More
