Rackspace price target raised to $80 from $65 at Stifel Nicolaus

theflyonthewall.com

Stifel Nicolaus increased its target on Rackspace after the company reported in-line Q3 results, as the firm thinks the results reflect continued growth momentum and solid operating leverage. The firm continues to believe that the company is poised to generate about 25%+ growth over the next few years and it reiterates a Buy rating.

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