UPDATE: Mizuho Securities Starts Fusion-io (FIO) at Buy, Worth $40 in Takeout

February 28, 2013 7:28 AM EST
Get Alerts FIO Hot Sheet
Price: $11.24 --0%

Rating Summary:
    7 Buy, 19 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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(Updated - February 28, 2013 10:12 AM EST)

Mizuho Securities initiated coverage on Fusion-io (NYSE: FIO) with a Buy and a price target of $22.00.

Analyst Abhey Lamba thinks the company could see upside to the mid-$20s if it executes, but may be worth $40 per share in a takeout, based on historic acquisition multiples.

For an analyst ratings summary and ratings history on Fusion-io click here. For more ratings news on Fusion-io click here.

Shares of Fusion-io closed at $16.12 yesterday.

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