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Enter Symbol:
Rating: RAX
Outperform $36

Rackspace Hosting Inc. (NYSE: RAX) upgraded to Outperform with price target $36 by RBC Capital Mkts

Tuesday,  Dec 1, 2015  8:25 AM ET by Kristen Bailey

RBC Capital Mkts upgraded Rackspace Hosting Inc. (NYSE: RAX) to Outperform with
price target $36. RBC Capital Mkts rated Rackspace Hosting Inc. (NYSE: RAX) to Sector Perform with price target $39 on 11/11/2014, when the price was $40.24.

Rackspace Hosting, Inc. (Rackspace Hosting), incorporated on March 7, 2000, is engaged in the business of hosting and cloud computing. The Company?s services are sold to businesses in more than 120 countries. The Company sells a suite of hosting and cloud computing offerings, all backed by Fanatical Support.

RBC Capital Markets is an international corporate and investment bank that provides innovative solutions and a focused set of products and services to institutions, corporations, governments and high net worth clients around the world. With nearly 3,700 professional and support staff, we operate out of 75 offices in 15 countries and deliver our products and services through operations in Asia and Australasia, the UK and Europe and in every major North American city.

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