Credit Suisse Downgrades Rackspace (RAX) to Neutral
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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: 22 | New: 15
Rating Summary:
5 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 22 | New: 15
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Credit Suisse downgraded Rackspace (NYSE: RAX) from Outperform to Neutral with a price target of $22.00 (from $50.00) after better-than-expected Q4 results but lower guidance.
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 $18.17 yesterday.
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