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UPDATE: Goldman Sachs Downgrades Volcano Corporation to Neutral; Growth Lacking Visibility

Related VOLC
Will Volcano Corp Continue To Surge Higher?
Benzinga's Top Downgrades

Goldman Sachs downgraded Volcano Corporation (NASDAQ: VOLC) from Conviction Buy to Neutral and lowered the price target from $32.00 to $25.00.

Goldman Sachs commented, "We downgrade shares of Volcano Corp (VOLC) from CL-Buy to Neutral, as recent results and Volcano's 2013 outlook point to continued pressure on the base business, slowing new growth drivers, and lower EBIT leverage. We now see Volcano as a “show me” story, having missed sales three of the last four quarters and guiding below Street three consecutive times. Further, there are limited clinical/regulatory catalysts to drive an outer year inflection point."

Volcano Corporation closed at $24.67 on Thursday.

Latest Ratings for VOLC

DateFirmActionFromTo
Dec 2014Roth CapitalDowngradesBuyNeutral
Dec 2014Credit SuisseDowngradesOutperformNeutral
Dec 2014NeedhamDowngradesBuyHold

View More Analyst Ratings for VOLC
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Downgrades Analyst Ratings

 

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