UPDATE: Goldman Sachs Reiterates Neutral Rating, Lowers PT on Fusion-IO Following Management Information Session

In a report published Tuesday, Goldman Sachs analyst Bill Shope reiterated a Neutral rating on Fusion-IO

, but lowered the price target from $21.00 to $18.00. In the report, Shope noted, “We attended an information session hosted by Fusion-io management in New York City. In attendance were CFO Dennis Wolf and COO Lance Smith, alongside the new chairman, CEO and president, Shane Robison. Mr. Robison placed emphasis on innovation, integration of acquisitions, and international expansion. Mr. Smith also walked-through the product roadmap, stressing that accelerating and monetizing innovation was top-of-mind. The company's focus this year will be a refreshed ioDrive and ioScale, with updated VSL, expected out in 2HCY2013.” Fusion-IO closed on Monday at $14.51.