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Fly News Breaks for February 17, 2016
RAX
Feb 17, 2016 | 08:18 EDT
Cowen said Rackspace reported solid Q4 results but they were offset by weaker than expected revenue growth guidance despite expectations for solid margins and reduced capital expenditures. The firm remains constructive on the shares considering the risk/reward and maintained its Outperform rating, but lowered its price target to $36 from $52 on Rackspace.
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