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Pac Crest cuts Rackspace (RAX -1.1%) to Sector Perform, sending shares back towards $50. The...

Pac Crest cuts Rackspace (RAX -1.1%) to Sector Perform, sending shares back towards $50. The firm upgraded Rackspace last August, following a strong Q2 report. FBN launched Rackspace at Sector Perform two days ago.
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