BTIG Starts Intuitive Surgical (ISRG) at Neutral

BTIG initiated coverage on Intuitive Surgical (NASDAQ: ISRG) with a Neutral rating. Analyst Sean Lavin is very bullish on long-term adoption of robotic surgery, but he expects 2-3 more quarters of very weak system sales and revenue and earnings misses.

"All told, we see shares cheaper over the next one - six months and more expensive in about 18 months," said Lavin.

For an analyst ratings summary and ratings history on Intuitive Surgical click here. For more ratings news on Intuitive Surgical click here.

Shares of Intuitive Surgical closed at $394.26 yesterday.

You May Also Be Interested In

• TechnipFMC (FTI) PT Raised to $30 at BTIG
• Amazon.com (AMZN) PT Raised to $215 at UBS
• Equinor ASA (EQNR) Tops Q1 EPS by 22c, misses on revenue