Fusion-io upgraded on likely takeout at Craig-Hallum As previously reported, Craig-Hallum upgraded Fusion-io (FIO) to Buy from Hold and raised its price target to $18 from $12. The firm believes Western Digital's (WDC) acquisition of Virident will result in competitors Seagate (STX), Micron (MU) and Samsung to consider a strategic move in response. The analyst said Fusion-io has a more comprehensive and proven set of capabilities vs. Virident that are attractive to a strategic buyer and would result in a higher acquisition price.
News For FIO From The Last 14 Days
Check below for free stories on FIO the last two weeks.
Fusion-io downgraded to Neutral from Buy at UBS UBS downgraded Fusion-io due to lack of near-term catalysts, increasing competition in PCIe cards, and go-to-market changes that could take 6-9 months to pay off. Price target lowered to $11 from $15.