Rackspace (RAX) -3.1% premarket after Goldman Sachs downgrades shares to Neutral from Buy as the...

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

Rackspace (RAX) -3.1% premarket after Goldman Sachs downgrades shares to Neutral from Buy as the firm's $57 price target is exceeded: "We remain positive on the opportunity in cloud computing and believe RAX is well positioned among peers, but we are disciplined on price given current valuation."