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Stock Market & Financial Investment News

News Breaks
May 14, 2014
07:44 EDTISRGIntuitive Surgical price target lowered to $415 from $443 at Leerink
Leerink lowered its price target for Intuitive Surgical shares citing low visibility into a turnaround for procedure growth and system placement trends. Leerink said a general surgeon it spoke to was hesitant to characterize Intuitive's new Xi system as a "must have" technology. The firm keeps a Market Perform rating on the stock.
News For ISRG From The Last 14 Days
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May 15, 2015
10:29 EDTISRGAmerican Urological Association to hold an annual meeting
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May 12, 2015
10:01 EDTISRGOn The Fly: Analyst Initiation Summary
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05:34 EDTISRGIntuitive Surgical initiated with a Neutral at Piper Jaffray
Piper Jaffray analyst Matt O'Brien started shares of Intuitive Surgical with a Neutral rating and $505 price target. O'Brien calls the stock "simply too expensive" relative to expected sales and earnings, but admits Intuitive's robotic surgical technology will likely dominate the market in the coming years. Further, the analyst thinks the company's da Vinci Prostatectomy and da Vinci Hysterectomy procedures could contract amid new diagnostic tests and insurance pushback. The stock closed yesterday up $2.05 to $496.37.

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