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Rackspace Hosting Downgraded - Tweaker Has It Nailed.

|Includes:Rackspace Hosting, Inc. (RAX)

Rackspace Hosting (NYSE:RAX) was downgraded today from Outperform from Neutral. Tweaker agrees. Has had $RAX as Avoid/High Risk since $48.00.

The firm (Cowen) suggests, "stepping to the sidelines until valuation becomes more attractive on 2012 estimates or the Street shifts focus to 2013 "where valuation currently looks more compelling."

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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: RAX