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

In a report published Thursday, Morgan Stanley analyst Simon Flannery reiterated an Equal-Weight rating on Rackspace Hosting 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.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Analyst ColorReiterationAnalyst RatingsMorgan StanleySimon Flannery
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!