UPDATE: Morgan Stanley Upgrades Fusion-io to Overweight
According to Morgan Stanley, Fusion-io (NYSE: FIO) is upgraded to Overweight.
Morgan Stanley said that the recent pullback post lock-up expiration presents an opportunity to own the leader in enterprise flash, a market that could nearly triple in 2012. “Fusion-io's competitive lead and maturing relationships could drive the stock to our $30 price target; Upgrade to Overweight (from Equal-weight).”
Fusion-io closed on Friday at $24.20.
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