UPDATE: Canaccord Genuity Reiterates Hold Rating, Raises PT on Volcano Corporation Following Analyst Day

In a report published Friday, Canaccord Genuity reiterated its Hold rating on Volcano Corporation

, and slightly raised its price target from $25.00 to $26.00. Canaccord Genuity noted, “VOLC outlined its plan for long-term growth and improved profitability during its analyst meeting Thursday. We thought management presented a cogent case for how it plans to improve long-term growth through maintenance of leadership in core segments (IVI, FFR) and ability to launch new products via internal development and M&A.” Volcano Corporation closed on Thursday at $22.52.