Fusion Shares Take a Hit After FBN Downgrades, Noting "Disturbing Developments"
October 24, 2013 at 14:24 PM EDT
In a report published Wednesday, FBN Securities analyst Shelby Seyrafi downgraded shares of Fusion io (NASDAQ: FIO ) from Outperform to Sector Perform and lowered the PT from $15 to $11 following 3Q13 results. Despite new positive hires from LSI, Echelon, and Aflac, Seyrafi noted “disturbing developments” in Tuesday's earning
