Intuitive Surgical (ISRG) PT Raised to $78 at Leerink Partners Following Another 'Beat and Raise'
Leerink Partners analyst Richard Newitter reiterated an Outperform rating and boosted his price target on Intuitive Surgical (NASDAQ: ISRG) to $780.00 (from $710.00) on beat & raise.
Newitter comments, "We remain bullish on ISRG amid an improving procedure & GM outlook plus new prod cycle momentum nearer term (Xi, Stapler, table motion) & beyond (Sp, advancing visualization capabilities) which all increase our confidence that LT sales/EPS growth/upside drivers are intact even as near-term op-ex investment steps up a bit. Reiterate OP. PT to $780 (vs. $710) on higher '17E & cash/shr."
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Shares of Intuitive Surgical closed at $671.90 yesterday.