BMO Capital Maintains Market Perform on Rackspace Tech, Raises Price Target to $2.5
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Keith Bachman has maintained a 'Market Perform' rating on Rackspace Tech (RXT) and increased the price target from $1.5 to $2.5.
March 13, 2024 | 2:23 pm
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BMO Capital has maintained a 'Market Perform' rating on Rackspace Tech and raised the price target from $1.5 to $2.5.
The increase in price target by BMO Capital suggests a positive outlook on Rackspace Tech's stock, potentially leading to short-term price appreciation. The maintenance of a 'Market Perform' rating indicates stability, but the raised target signals confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100