Piper Jaffray is raising its price target on shares of Volcano Corp. VOLC to $31 from $28, and is keeping its Overweight rating on shares.
In a note to investors, Piper Jaffray writes, "We have updated our model to reflect the strong top-line results pre-announced by
VOLC in mid-January. We are also raising our PT to $31 to reflect multiple expansion within the comp group. We re-iterate our Overweight rating."
Shares of VOLC gained 32 cents yesterday to close at $27.79, a gain of 1.2%.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in