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Analyst Moves: RAX, TSO
Tuesday, February 14, 3:51 PM ET

This morning, Piper Jaffray increased its price target on shares of Rackspace (NYSE:RAX) to $60 as higher sales and better margins should drive earnings. In the report, Piper raised its EPS estimates and reiterated its overweight rating.

Shares of Rackspace were higher by 11.7% so far today.

And Oppenheimer raised its price target on shares of Tesoro (NYSE:TSO) to $33 as industry fundamentals are improving. With the higher price target, Oppenheimer maintained its outperform rating.

Shares of TSO were higher by 2.5% so far.

For MarketNewsVideo.com, I'm Tracey Fitzpatrick.

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