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RBC Capital Upgrades Rackspace (RAX) to Outperform, Maintains $46 Price Target

August 9, 2011 8:17 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: 13 | Down: 14 | New: 11
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RBC Capital upgraded shares of Rackspace (NYSE: RAX) to an Outperform rating from its previous rating of Sector Perform and reiterated its price target of $46.00.

For more ratings news on Rackspace click here and for the rating history of Rackspace click here.

Shares of Rackspace closed at $35.94 yesterday.


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