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Fly News Breaks for May 12, 2015
RAX
May 12, 2015 | 07:51 EDT
After Rackspace reported in-line Q1 results but its Q2 guidance missed expectations, Wells Fargo says it continues to expect the company to generate mid-teens growth, along with increasing free cash flow and ROIC. Wells cut its price target on the name to $58-$64 from $66-$69 but keeps an Outperform rating on the stock. .
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