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Fly News Breaks for April 16, 2018
JNJ, MDT, ISRG
Apr 16, 2018 | 06:49 EDT
After attending the Society of American Gastrointestinal and Endoscopic Surgeons annual meeting, JPMorgan analyst Tycho Peterson believes Intuitive Surgical's (ISRG) momentum is showing no signs of slowing. However, the stock may take a breather after rallying 14% year-to-date given the Medtronic (MDT) overhang into the June analyst day, Peterson tells investors in a research note. Nevertheless, he continues to like the longer-term set-up and reiterates an Overweight rating on the shares. The analyst says momentum remains strong in robotic general surgery. Further, there was little new on the competitive front at the meeting, as Medtronic and Johnson & Johnson (JNJ) deferred commentary on robotic systems ahead oftheir upcoming analyst days, Peterson points out.
News For ISRG;MDT;JNJ From the Last 2 Days
JNJ
Mar 28, 2024 | 16:23 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
JNJ
Mar 28, 2024 | 13:57 EDT
Johnson & Johnson will pay $75M to settle a consumer protection lawsuit filed by Mississippi over the company's talc-based baby powder, according to people familiar with the matter, resolving litigation in which the state had sought as much as $6B, Bloomberg News' Jef Feeley reports. The pact comes as lawyers for the state and J&J were gearing up for a non-jury trial next month in Jackson, Mississippi, said the people. Mississippi was one of only two states to file suit over J&J's marketing of its baby powder, the author notes. Reference Link