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Morgan Stanley Believes Headquarters Visit Highlights Return to Core Strengths for Rackspace Hosting

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In a report published Thursday, Morgan Stanley analyst Simon Flannery reiterated an Equal-Weight rating on Rackspace Hosting (NYSE: RAX).

In the report, Morgan Stanley noted, “We visited Rackspace's San Antonio headquarters and met with various members of the new management team. Following a year of transition to OpenStack, RAX is looking to reaccelerate revenues by leveraging is product expertise and fanatical support capabilities.”

Rackspace Hosting closed on Wednesday at $36.95.

Latest Ratings for RAX

DateFirmActionFromTo
Dec 2015Goldman SachsInitiates Coverage onNeutral
Dec 2015RBC CapitalUpgradesSector PerformOutperform
Nov 2015BarclaysMaintainsOverweight

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Posted-In: Morgan Stanley Simon FlanneryAnalyst Color Reiteration Analyst Ratings

 

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