Market Overview

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

Share:
Related RAX
Morgan Stanley Remains Cautious On Telecom Services Sector, Expects In-Line 2Q Results
Here Are The 14 Stocks Morgan Stanley Wants You To Focus On During Q2 Earnings

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
Jul 2016SunTrust Robinson HumphreyInitiates Coverage onNeutral
May 2016Raymond JamesDowngradesStrong BuyOutperform
Mar 2016CLSADowngradesUnderperformSell

View More Analyst Ratings for RAX
View the Latest Analyst Ratings

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

 

Related Articles (RAX)

View Comments and Join the Discussion!