Goldman Sachs Downgrades Volcano Corp. (VOLC) to Neutral, Removes from CL List

February 22, 2013 8:00 AM EST Send to a Friend
Get Alerts VOLC Hot Sheet
Price: $11.34 --0%

Rating Summary:
    4 Buy, 13 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Goldman Sachs downgraded Volcano Corp. (NASDAQ: VOLC) from Conviction Buy to Neutral with a price target of $25.00 (from $32.00).

The firm note recent results Volcano's 2013 outlook point to continued pressure on the
base business, slowing new growth drivers, and lower EBIT leverage. Goldman said the stock is now a "show me" story, having missed sales three of the last four quarters and guiding below Street three consecutive times.

The firm cut FY13 EPS from $0.18 to $10 and FY14 from $0.45 to $0.37.

For an analyst ratings summary and ratings history on Volcano Corp. click here. For more ratings news on Volcano Corp. click here.

Shares of Volcano Corp. closed at $24.67 yesterday.


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