Rackspace: Cowen Cuts Rating On Valuation Basis

Eric Savitz, Forbes
Tue, 02/21/2012 - 8:48am

Cowen analyst Colby Synesael this morning cut his rating on Rackspace to Outperform from Neutral, ?based largely on valuation,? plus what he views as ?limited upside the next few quarters versus increasingly bullish expectations.? The Cowen analyst says he still thinks the company is well positioned to emerge as one of the dominant cloud providers, ...

Topics: synesael rackspace outperform neutral the cowen rating valuation analyst

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Rackspace: Cowen Cuts Rating On Valuation Basis

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