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Fly News Breaks for January 13, 2016
ISRG
Jan 13, 2016 | 12:11 EDT
Piper Jaffray analyst Matt O'Brien noted that Intuitive Surgical reported "solid" Q4 results, with its revenue and system placements both beating his expectations. The company did not provide official 2016 guidance, but did say it expects procedure growth of 9%-12%, which compares to O'Brien's forecast for 11.8% growth, the analyst tells investors. Intuitive Surgical has developed unique technology, O'Brien acknowledges, but its premium valuation leads him to keep a Neutral rating on the stock.
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