Intuitive Surgical (ISRG) Tops Q3 EPS by 101c
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October 21, 2015 10:58 AM EDT
Canaccord Genuity reiterated a Buy rating on Intuitive Surgical (NASDAQ: ISRG), and raised the price target to $625.00 (from $615.00), following the company's 3Q15 earnings results. ISRG reported another double-digit procedure growth quarter, as well as strong system placements and the second quarter in a row of solid gross margins.
Analyst Jason Mills commented, "We recommend adding to or beginning positions in ISRG on the heels of strong Q3 results, highlighting positive business trends that we saw also in Q2. These results... More
October 21, 2015 9:00 AM EDT
Leerink Partners analyst Richard Newitter reiterated an Outperform rating on Intuitive Surgical (NASDAQ: ISRG) following solid Q3 results but trimmed his price target to $593.00 (from $600.00).
Newitter commented, "ISRG's 3Q saw above-expectations system rev, procedure growth, and GM. The outperformance (plus upped procedure & GM... More
October 21, 2015 8:11 AM EDT
Evercore ISI analyst Vijay Kumar reiterated a Buy rating and raised his price target on Intuitive Surgical (NASDAQ: ISRG) to $565.00 (from $545.00) following strong Q3 results.
Kumar commented, "3Q was a déjà vu of 2Q, highlighted by a STRONG procedure growth and decent systems placements, with the caveat being an even more impressive margin pull through. This was one of the most complete quarters that ISRG has put up... More
