By: Benzinga
UPDATE: JP Morgan Cuts PT to $75 on Rackspace Hosting Post Price Reduction
JP Morgan maintained Rackspace Hosting (NYSE: RAX ) with a Overweight rating and reduced the price target from $81.00 to $75.00. JP Morgan noted, "This morning RackSpace announced that it was cutting prices on some of its more commoditized pieces of OpenCloud as it looks to pass along economies
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