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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
Nov 2016Deutsche BankTerminatesEqual-Weight
Aug 2016Raymond JamesDowngradesMarket PerformUnderperform
Aug 2016Tigress FinancialDowngradesStrong BuyNeutral

View More Analyst Ratings for RAX
View the Latest Analyst Ratings

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

 

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