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Fly News Breaks for August 11, 2015
RAX
Aug 11, 2015 | 09:15 EDT
After Rackspace reported in-line EPS and lower than expected revenue and reduced its revenue guidance, JMP Securities says the stock's risk/reward ratio "is quite attractive." The firm trimmed its price target on the shares to $55 from $62 but keeps an Outperform rating.
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