BofA/Merrill Lynch Downgrades Rackspace (RAX) to Neutral

February 17, 2012 8:17 AM EST
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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
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BofA/Merrill Lynch downgraded Rackspace (NYSE: RAX) from Buy to Neutral, price target raised from $56 to $58.

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 $54.44 yesterday.


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