Rackspace (RAX -3.4%) falls towards $50 after CLSA starts coverage with an Underperform and $52...

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

Rackspace (RAX -3.4%) falls towards $50 after CLSA starts coverage with an Underperform and $52 PT. Pac Crest downgraded Rackspace to Sector Perform last week. Shares -32% YTD.