JP Morgan Reviews Initial Earnings from Fusion-io

J.P. Morgan has published a report on Fusion-io (NYSE: FIO) reviewing the first earnings call on the newly public company.

In the report, J.P. Morgan wrote, "Following the first earnings call as a public company, we expect shares of Neutral-rated FIO to partially retrace recent losses. A bigger force behind the downward pressure in the stock, however, has been global economic fears, which could persist in the near to mid term."

J.P. Morgan rated Fusion-io a Neutral with a price target of $35.00. Fusion-io closed Thursday at $23.62.