| 2016-10-19 06:09:38|
ISRG 06:09 10/19 10/19/16
Intuitive Surgical Q3 results likely not enough, says Piper Jaffray
Piper Jaffray analyst Matt O'Brien says Intuitive Surgical's Q3 results, while better than expected, are likely not enough to keep the stock from "falling a bit" today given the year-to-date rally. The analyst does not recommend selling the shares, however, as he does not see any "meaningfully concerning issues for the story." At the same time, O'Brien does not suggest putting new money to work given the "premium valuation." He keeps a Neutral rating on Intuitive Surgical with a $700 price target.