Canaccord Genuity Reiterates a 'Hold' on Intuitive Surgical (ISRG); Growth Train Keeps Chugging - Raising PT to $450
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Price: $378.81 +1.16%
Rating Summary:
33 Buy, 8 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
33 Buy, 8 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Hold' on Intuitive Surgical (NASDAQ: ISRG) price target raised to $450.00.
Canaccord analyst, Jason R. Mills, said, "With outstanding Q3 results in the face of a challenging med-tech end-market in general, ISRG proved once again to be the best, most consistent growth company in the industry. The daVinci robotic system continues to expand into new surgical modalities (colorectal, thoracic, trans-oral), while augmenting share in its core segments (urology, gynecology), providing further evidence daVinci is becoming increasingly ubiquitous within US hospitals, while quickly replicating this trend OUS. Our rating remains HOLD and we recommend investors maintain existing positions. In other words, we would not sell into strength, but rather look for opportunities to add to positions on any pullbacks created, perhaps, by consternation about global macro headlines."
For more ratings news on Intuitive Surgical click here and for the rating history of Intuitive Surgical click here.
Shares of Intuitive Surgical closed at $382.76 yesterday.
Canaccord analyst, Jason R. Mills, said, "With outstanding Q3 results in the face of a challenging med-tech end-market in general, ISRG proved once again to be the best, most consistent growth company in the industry. The daVinci robotic system continues to expand into new surgical modalities (colorectal, thoracic, trans-oral), while augmenting share in its core segments (urology, gynecology), providing further evidence daVinci is becoming increasingly ubiquitous within US hospitals, while quickly replicating this trend OUS. Our rating remains HOLD and we recommend investors maintain existing positions. In other words, we would not sell into strength, but rather look for opportunities to add to positions on any pullbacks created, perhaps, by consternation about global macro headlines."
For more ratings news on Intuitive Surgical click here and for the rating history of Intuitive Surgical click here.
Shares of Intuitive Surgical closed at $382.76 yesterday.
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