Fusion-io (FIO +1.4%) outperforms after receiving an upgrade to Buy from Stifel, which now has a PT of $18. The upgrade comes a day after Lazard (Buy) stated checks indicate orders from strategic accounts (i.e. Apple/Facebook) has been deferred rather than lost (previous), and that sales will resume in 2H. The firm granted rivals will "inevitably narrow" Fusion-io's density/performance lead, but nonetheless asserted "the aggregate opportunity remains substantial and should comfortably support multiple vendors." FQ3 results are due on April 24.