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Stock Market & Financial Investment News

News Breaks
March 4, 2014
06:35 EDTISRGIntuitive 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.
News For ISRG From The Last 14 Days
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November 26, 2014
07:52 EDTISRGIntuitive Surgical could be hurt by FDA statement, says RBC Capital
After the FDA acknowledged that hysteroscopic morcellators do not pose the same degree of risk as laparoscopic powered morcellators, RBC Capital estimates that 6%-8% of Intuitive Surgical's total procedures would be exposed to a potential decline in laparoscopic powered morcellators in a worst-case scenario. However, the firm says the actual risk would be much lower for the company, as alternative robotic techniques can be used in some cases.
November 24, 2014
09:26 EDTISRGFDA updates warning on laparoscopic power morcellators to treat uterine fibroids
The FDA announced it is taking immediate steps to help reduce the risk of spreading unsuspected cancer in women being treated for uterine fibroids. In an updated safety communication, originally issued in April, the FDA warns against using laparoscopic power morcellators in the removal of the uterus or fibroids in the vast majority of women. In an Immediately in Effect guidance, the FDA is also recommending that manufacturers of laparoscopic power morcellators include in their product labeling specific safety statements in the form of a boxed warning and two contraindications. Johnson & Johnson (JNJ), the largest manufacturer of morcellators, stopped selling the gynecological surgical tool in April and in August told customers to return any devices in their inventory. Intuitive Surgical's (ISRG) da Vinci surgical system can be used with tissue morcellators in such surgical procedures.

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