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Stock Market & Financial Investment News

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May 16, 2014
08:52 EDTRAXRackspace should be bought, says JMP Securities
JMP Securities said Rackspace should be bought following last night's disclosure the company is exploring strategic options. The analyst said this, combined with re-accelerating fundamentals and unique assets, should attract interest from multiple bidders and believes shares could more than double from current levels. The firm maintains its Buy rating and $67 price target.
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