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Fly News Breaks for August 11, 2015
RAX
Aug 11, 2015 | 07:58 EDT
As previously reported, CLSA downgraded Rackspace to Underperform from Outperform and lowered its price target to $35 from $40. The firm said the transition to Enterprise sales is more difficult than expected and lacks visibility into when it will deliver accelerated growth.
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