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 initiated with an Overweight, $575 target at Barclays Barclays analyst Matthew Taylor started shares of Intuitive Surgical with an Overweight rating and $575 price target. Taylor thinks surgery share will continue to shift to robotic and believes demand for Intuitive's da Vinci among general surgeons is very high. The stock closed yesterday down $4.17 to $492.45.