Intuitive Surgical can meet or beat 2013 procedure outlook, says William Blair William Blair said its analysis and channel checks indicate Intuitive Surgical can meet or beat its 2013 procedure growth guidance of 20%-23% and sustain roughly 20% growth for the next several years. The firm recommends investors add to positions more aggressively on any pullbacks and keeps an Outperform rating on the stock.
News For ISRG From The Last 14 Days
Check below for free stories on ISRG the last two weeks.
Intuitive Surgical downgraded to Hold from Buy at Cantor Cantor Fitzgerald downgraded Intuitive Surgical citing valuation with the stock up 18% year-to-date. Cantor says the Veteran's Administration procurement is an incremental positive, but it prefers to move to the sidelines pending greater clarity on Intuitive's reacceleration of revenue growth in 2015. The firm keeps a $450 price target for shares, which closed yesterday up $9.01 to $453.84.
Intuitive Surgical contract with VA eliminates hurdles, says SunTrust SunTrust says Intuitive Surgical's $142M award notice from Veteran's Affairs eliminates hurdles that previously made procurement of the company's systems by the VA challenging and time consuming. The VA system currently has only 38 da Vinci robots and SunTrust speculates that 40-50 systems could be purchased within the VA during the first year of the contract. SunTrust has a Buy rating on Intuitive Surgical.