Goldman Sachs Upgrades Volcano Corp. (VOLC) to Conviction Buy, Sees 28% Upside

May 3, 2012 7:06 AM EDT
Get Alerts VOLC Hot Sheet
Price: $17.99 --0%

Rating Summary:
    3 Buy, 15 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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Goldman Sachs upgraded Volcano Corp. (NASDAQ: VOLC) to its Conviction Buy with a price target of $36 (up from $35), suggesting 28% upside.

The firm said Q1 results confirm strong trends in the Medical franchise and reinforces the view that the emerging Fractional Flow Reserve business (FFR) is gaining traction. The slight miss was tied to low-margin Industrials business, which they do not view as relevant long-term.

"Volcano is a unique asset, offering technology that improves outcomes and reduces cost. We also see Volcano as a compelling strategic asset.

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 $28.05 yesterday.

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