Feltl and Company Downgrades Volcano to Buy
Feltl and Company has downgraded Volcano (NASDAQ: VOLC) from Strong Buy to Buy and has reiterated its $33.50 price target on Volcano in a research report out today.
In the report, Feltl and Company writes, "Volcano released Q4 2011 numbers yesterday after the close. Revenue was inline with their pre-released numbers, pro forma EPS was $0.14. 2012 looks to be a transition year, as expected, which we believe sets up a stellar 2013."
Shares of Volcano are currently trading at $28.03, down 0.53% from yesterday's close.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.