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Fly News Breaks for July 13, 2015
RAX
Jul 13, 2015 | 10:20 EDT
CLSA said Rackspace expectations have come down but it is incrementally more concerned about long-term trends and sees challenges on how to acquire and grow $1M customers and how not to lose is core small-medium business customers. The firm rates shares an Outperform but lowered its price target on shares to $40 from $52.
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