UPDATE: Morgan Stanley Resumes Fusion-io (FIO) at Overweight
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Rating Summary:
6 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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(Updated - March 2, 2012 10:53 AM EST)
Morgan Stanley resumed coverage on Fusion-io (NYSE: FIO) with a Overweight rating and $35 price target.
The firm said the market for enterprise flash could move from $2 billion to $20 billion over time. They were also positive on last year's acquisition of ioTurbine. Highlighted was the trust and deep relationship the company has with customers. The firm sees FY EPS of $0.25 on sales of $332.7 million.
Shares of Fusion-io closed are up 7 percent today on the new rating, which follows another Thursday's Buy rating at Credit Suisse.
For an analyst ratings summary and ratings history on Fusion-io click here. For more ratings news on Fusion-io click here.
Morgan Stanley resumed coverage on Fusion-io (NYSE: FIO) with a Overweight rating and $35 price target.
The firm said the market for enterprise flash could move from $2 billion to $20 billion over time. They were also positive on last year's acquisition of ioTurbine. Highlighted was the trust and deep relationship the company has with customers. The firm sees FY EPS of $0.25 on sales of $332.7 million.
Shares of Fusion-io closed are up 7 percent today on the new rating, which follows another Thursday's Buy rating at Credit Suisse.
For an analyst ratings summary and ratings history on Fusion-io click here. For more ratings news on Fusion-io click here.
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