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Rackspace Hosting (RAX) stock rose Tuesday after Morgan Stanley upgraded the cloud computing and Web hosting services company, pointing to increased bookings. “After a challenging year, we saw Rackspace showing improved bookings momentum exiting 2013, a trend we expect to continue in 2014,” said analyst Simon Flannery in a research report. He upgraded Rackspace to overweight from neutral and set a price target of 45. Rackspace stock was up more Scalper1 News
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