UPDATE: Mizuho Calls Fusion-io 'Very Attractive Acquisition Target'
From Mizuho note announcing new Buy rating, $22 price target on share of Fusion-io (NYSE: FIO):
"...FIO is a very attractive acquisition target for larger technology providers. Price could be around $40 if it gets acquired at historical storage acquisition multiples."
With shares of Fusion-io up 2 percent to $16.46 at last check, Mizuho's new price target implies potential upside of about 34 percent.
Latest Ratings for FIO
|Jul 2014||Monness Crespi Hardt||Terminates||Neutral|
|Jun 2014||Piper Jaffray||Downgrades||Overweight||Neutral|
|Jun 2014||Credit Suisse||Downgrades||Outperform||Neutral|
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