Piper Jaffray Raises PT on Volcano to $33

Piper Jaffray has raised its price target on Volcano VOLC from $30 to $33 and has reiterated its Overweight rating on the company. In the report, Piper Jaffray writes, "We continue to see an above average revenue growth profile for VOLC in 2012 and beyond. We view VOLC's key product lines of IVUS and pressure wires (FFR) as increasingly more economically helpful for the hospitals and payors that are looking to reduce over-utilization and reduce 30-day re-admissions." Shares of Volcano are currently trading at $28.09, down 0.32% from yesterday's close.