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FIO Message Board

  • bullish1_2 bullish1_2 Sep 9, 2013 12:01 PM Flag

    2 Institutions upgrade FIO on Takeover chances

    First FBN at 10:53am today.
    And now Craig-Hallum. See below:

    Fusion-io upgraded on likely takeout at Craig-Hallum
    As previously reported, Craig-Hallum upgraded Fusion-io (FIO) to Buy from Hold and raised its price target to $18 from $12. The firm believes Western Digital's (WDC) acquisition of Virident will result in competitors Seagate (STX), Micron (MU) and Samsung to consider a strategic move in response. The analyst said Fusion-io has a more comprehensive and proven set of capabilities vs. Virident that are attractive to a strategic buyer and would result in a higher acquisition price.

    Sentiment: Strong Buy