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Fly News Breaks for April 12, 2016
ISRG
Apr 12, 2016 | 07:51 EDT
Leerink analyst Richard Newitter raised his price target for Intuitive Surgical to $700 from $640, citing valuation and higher 2017 EPS estimates. The analyst's urologist/gynecologist survey and intra-quarter general surgery feedback reinforce his view in achievability and upside to procedure growth estimates both in Q1 and for the full-year. Newitter reiterates an Outperform rating on the shares.
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