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Fly News Breaks for February 17, 2016
RAX
Feb 17, 2016 | 07:57 EDT
After Rackspace reported better than expected results but its revenue guidance came in below expectations, RBC Capital still expects the company's revenue growth to accelerate and continues to believe that its free cash flow will improve. The firm cut its price target on the name to $26 from $31 but keeps an Outperform rating on the shares.
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