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Fly News Breaks for February 17, 2016
RAX
Feb 17, 2016 | 05:35 EDT
Barclays analyst Amir Rozwadowski downgraded Rackspace to Equal Weight saying the company's lower than expected 2016 outlook indicates its transition to a cloud service provider may be "deeper and more pronounced." The analyst cut his price target for the shares to $21 from $35.
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