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UPDATE: Jefferies Reiterates Buy Rating, Lowers PT on Volcano Corporation on Updated Guidance

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

In a report published Friday, Jefferies reiterated its Buy rating on Volcano Corporation (NASDAQ: VOLC), but lowered its price target from $32.00 to $28.00.

Jefferies noted, “Volcano's 4Q result had been preannounced, but guidance was updated and this was the focus. The company took its outlook down another notch and updated expenses for FX, two recent acquisitions, and the convert. Growth in the important Medical segment still looks like 13% in '13, but the Yen and higher costs are sapping earnings. Lots of questions on the outlook and Volcano's evolving strategy; for now we stay at Buy.”

Volcano Corporation closed on Thursday at $24.67.

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: JefferiesAnalyst Color Price Target Analyst Ratings

 

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