Raymond James Upgrades Rackspace Technology Inc. (RXT) to Outperform 'on Turnaround Traction'

Go back to Raymond James Upgrades Rackspace Technology Inc. (RXT) to Outperform 'on Turnaround Traction'

Rackspace Technology (RXT) raised at Raymond James as turnaround traction gathers pace

September 19, 2023 11:02 AM EDT

Raymond James upgraded shares of Rackspace Technology (NASDAQ: RXT) to Outperform from Market Perform with a new price target of $3.50 in a note to clients on Tuesday.

Analyst Frank Louthan told investors the firm is upgrading the stock based on its turnaround... More