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The Take: Rackspace stock takes a dip and Apple reports big sales of iPhone 6

2014-09-16 16:41:25| IT Services - Topix.net

Shares of Rackspace Hosting fell 4.2 percent in early market trading to $36.91 after being downgraded from "overweight" to "neutral" by JPMorgan Chase. The firm cited a potential upside as high as $50 a share if a proposed sale to CenturyLink happens, versus a fall back to the pre-sale level of $30 if nothing happens.

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