Piper Jaffray Reiterates Overweight on Fusion-IO Following IBM's Announcement of ioScale PCIe Cards

In a report published Tuesday, Piper Jaffray analyst Andrew J. Nowinski reiterated an Overweight rating and $17.00 price target on Fusion-IO (NYSE: FIO ). In the report, Piper Jaffray noted, “IBM announced it will offer its own version of Fusion-io's ioScale PCIe cards later in October; IBM is the first