Rackspace (RAX) +3.1% following an upgrade to Outperform from Cowen; the firm's PT is unchanged...

|About: Rackspace Hosting, Inc. (RAX)|By:, SA News Editor

Rackspace (RAX) +3.1% following an upgrade to Outperform from Cowen; the firm's PT is unchanged at $46. Shares closed yesterday barely a dollar above their 52-week low of $33.91. Fidelity has confirmed it's now a Rackspace OpenStack client (previous); it's initially using OpenStack to build a private cloud, but wants to eventually create a hybrid cloud.