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

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

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.