UPDATE: Morgan Stanley Upgrades Fusion-io to Overweight

According to Morgan Stanley, Fusion-io

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.