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.