By: Benzinga
UPDATE: Piper Jaffray Cuts PT to $71 on Rackspace Hosting on Lower Cloud Pricing
Piper Jaffray maintained Rackspace Hosting (NYSE: RAX ) with a Overweight rating and lowered the price target from $80.00 to $71.00. Piper Jaffray commented, "This morning, Rackspace announced that it was lowering the pricing on cloud bandwidth and cloud CDN by 33% and instituting a tiered pricing model for Cloud
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