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