Goldman Sachs Starts Fusion-io (FIO) at Neutral
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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
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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Goldman Sachs initiates coverage on Fusion-io (NYSE: FIO) with a Neutral rating and $30 price target, which is 12.7% below current levels.
The firm notes the company is positioned to tackle a critical data center bottleneck with an enterprise storage offering that speeds performance, boosts efficiency, and lowers costs.
Goldman has a positive long-term view of the stock, but would only become more constructive if new data supports faster than expected growth.
For more ratings news on Fusion-io click here and for the rating history of Fusion-io click here.
Shares of Fusion-io closed at $32.13 yesterday.
The firm notes the company is positioned to tackle a critical data center bottleneck with an enterprise storage offering that speeds performance, boosts efficiency, and lowers costs.
Goldman has a positive long-term view of the stock, but would only become more constructive if new data supports faster than expected growth.
For more ratings news on Fusion-io click here and for the rating history of Fusion-io click here.
Shares of Fusion-io closed at $32.13 yesterday.
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