Courtesy of Benzinga.
A report form J.P. Morgan reiterates its Neutral rating and $35 price target on Fusion-io (NYSE: FIO).
The report states, “Shares of Neutral-rated Fusion-io will likely benefit from a short cover rally in the near term. Investors’ near-term concerns over competition and the macro uncertainty did not weigh on FIO’s business. The company posted strong September results but provided mixed guidance.”
FIO closed yesterday at $32.00.