UPDATE: Stifel Nicolaus Initiates Volcano at Hold

Stifel Nicolaus is out with its report today on Volcano VOLC, initiating VOLC at Hold. In a note to clients, Stifel Nicolaus writes, "We are initiating coverage of Volcano with a Hold rating. Volcano offers imaging, visualization, and treatment tools that significantly enhance the operator's ability to diagnose and perform interventional vascular procedures. As the standard for clinical outcomes rises, especially in an increasingly vigilant payer/provider environment, Volcano can never be more relevant to the 3 million WW PCI procedure market." Shares of VOLC closed Tuesday at $31.96.