Matrix USA upgraded Rackable Systems (NASDAQ: RACK) to Buy from Sell, citing valuation. This is a quick turn-around upgrade coming from Matrix who downgraded Rackable Systems Inc. to "sell" from "hold" by analyst Ivan Feinseth at Matrix USA on 12/31/2006. Corresponding LINKS:
UPGRADE - RACK - 2/19/2006: http://www.bloggingstocks.com/2007/01/19/analyst-upgrades-1-19-07-vonage-gets-the-call/
DOWNGRADE - RACK - 12/31/2006: http://www.app.com/apps/pbcs.dll/article?AID=/20061231/BUSINESS/612310340/1003
Additional NEWS - According to the Stockmasters today: http://thestockmasters.com/
Both Rackable (RACK) and Red Hat (RHT) received upgrades today. Both stocks have been suffering lately with the sell-off in Tech stocks. Forbes believes these guys are part of the "Cheap Revolution" and the coming players in the Forth Wave of the next Tech giants. Continuing with our Tao of N.W.A. founding member Dr. Dre said:
but haters say Dre fell off
How? My last album was "The Chronic"
Still taking my time to perfect the beat
And I still got love for the streets, it's the D-R-E.
Thus don't sleep on the R-A-C-K and R-H-T, they still got it.
From NewRatings: http://www.newratings.com/analyst_news/article_1458455.html
NEW YORK, January 18 (newratings.com) - Analyst Thomas Curlin of RBC Capital Markets maintains his "outperform" rating on Rackable Systems Inc (ticker: RACK), while reducing his estimates for the company. The target price has been reduced from $40 to $30.
So keep in mind people with a Target price of $30 and shares trading today at $18.69, this stock has wheels.
$32.42 (01/17/07)
