Piper Jaffray Downgrades Fusion-io (FIO) to Neutral

January 31, 2013 8:08 AM EST
Get Alerts FIO Hot Sheet
Price: $11.24 --0%

Rating Summary:
    6 Buy, 17 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Piper Jaffray downgraded Fusion-io (NYSE: FIO) from Overweight to Neutral with a price target of $18.00 (from $33.00) following Q2 results and weak outlook.

NOTE: One of three downgrades so far today.

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 $20.09 yesterday.


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