Raymond James Upgrades Rackspace Tech to Outperform, Announces $3.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Frank Louthan has upgraded Rackspace Tech (NASDAQ:RXT) from Market Perform to Outperform and set a price target of $3.5.
September 19, 2023 | 9:41 am
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Rackspace Tech has been upgraded to Outperform by Raymond James with a price target of $3.5.
The upgrade from Raymond James is a positive signal for Rackspace Tech. It indicates that the analyst believes the company's stock will outperform the market. The price target of $3.5 also suggests that the analyst sees potential for the stock's price to increase. This could lead to a positive short-term impact on the stock's price.
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IMPORTANCE 80
RELEVANCE 100