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March 20, 2014
07:58 EDTRAXRackspace CEO transition now less worrisome, says Wells Fargo
After meeting with Rackspace's president, Wells Fargo is less concerned that the company will encounter execution issues during its CEO transition. The firm is more confident that the improved trends in managed hosting seen in Q4 can be sustained through 2014, but it thinks the company's cloud business is facing some headwinds. Wells keeps an Outperform rating on the shares.
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