Barrington Research Upgrades Volcano to Outperform

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Barrington Researched upgraded Volcano's
VOLC
rating from Market Perform to Outperform in a research report released today. The investment firm has a $31 price target on Volcano. In the report, Barrington Research wrote, "We are upgrading VOLC to OUTPERFORM from MARKET PERFORM as we believe VOLC's current valuation represents an attractive entry point for longterm focused investors. We downgraded VOLC in March of 2010 due primarily to valuation at that time. With close to two years of time passing, the stock at similar levels and our revenue expectations higher than they were at that time, we believe the risk/reward is positive for long-term focused investors." Shares of Volcano are currently trading at $23.47, up 0.34% from yesterday's close.
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Posted In: Analyst ColorUpgradesPrice TargetAnalyst RatingsBarrington Research
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