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Stock Market & Financial Investment News

News Breaks
April 1, 2014
11:59 EDTSYK, NVDQ, ISRGIntuitive Surgical climbs after new surgical system debuts
Shares of surgical instrument and accessory maker Intuitive Surgical (ISRG) are climbing after the company announced the FDA cleared the U.S introduction of its new da Vinci Xi Surgical System. WHAT'S NEW: Intuitive Surgical introduced the da Vinci Xi Surgical System, which it says has broader capabilities than prior generations of its prior generation da Vinci System. Intuitive said it designed the new da Vinci Xi System with the goal of further advancing the technology used in minimally invasive surgery for complex diseases and conditions in gynecology, urology, thoracic, cardiac, and general surgery. ANALYST OPINON: Research firm Leerink sees today's news as a positive for Intuitive Surgical, but said it is uncertain exactly how many incremental system sales the da Vinci XI Surgical system will fuel and whether the features of Intuitive's new robot will lead to increased utilization into new surgery areas. The firm keeps the stock at a Market Perform rating. JPMorgan responded to the news by raising its price target on Intuitive Surgical to $500 from $475. JPMorgan said it views the new system as a significant positive that has the potential to both drive a replacement cycle and further increase penetration and utilization of the company's products within hospitals. PRICE ACTION: Near midday, shares of Intuitive Surgical were up about $39, or 8.9%, to $477. OTHERS TO WATCH: Novadaq (NVDQ), which sells consoles for Intuitive Surgical's robotic systems, rose 2.2% to $22.77. Shares of Stryker (SYK), which previously acquired robotic surgery systems maker MAKO Surgical, were little changed near noon.
News For ISRG;NVDQ;SYK From The Last 14 Days
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November 21, 2014
09:27 EDTSYKRumors of Smith & Nephew bid from Stryker intensify, Daily Mail says
Shares of Smith & Nephew (SNN) rallied in U.K. trading amid "intensified" rumors that Stryker (SYK) will make a GBP 13B plus bid for its rival when its Takeover Panel restrictions are removed at month end, according to The Daily Mail's "This is Money." Reference Link
November 20, 2014
07:13 EDTNVDQCanaccord to hold a forum
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November 14, 2014
15:20 EDTNVDQNovadaq to host investor day
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November 12, 2014
06:15 EDTNVDQJanus Capital reports 10.6% passive stake in Novadaq
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November 10, 2014
07:57 EDTISRGIntuitive Surgical survey positive on hernia opportunity, says JPMorgan
JPMorgan said its survey of 25 U.S.-based general surgeons who have used da Vinci for hernia procedures yielded positive outlook on the hernia opportunity for Intuitive Surgical. The firm says the complexity of the robot does not appear to be an issue. It keeps an Overweight rating on Intuitive with a $550 price target.
November 7, 2014
21:13 EDTISRGIntuitive Surgical management to meet with SunTrust
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