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Tweaker was founded by Trent Nevills in Portland, Oregon. Trent has a MS from Carnegie Mellon's Tepper School of Business with focus on quantitative Finance and a BA from the University of Washington. He used that education to work on Wall Street, managing more than $6b in assets at different... More
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Tweaker
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Tweaker
  • Rackspace Hosting Downgraded - Tweaker Has It Nailed. 0 comments
    Feb 21, 2012 2:34 PM | about stocks: 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."

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

    Themes: Overvaluation, Short Ideas Stocks: RAX
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