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Fly News Breaks for October 19, 2016
ISRG
Oct 19, 2016 | 10:30 EDT
Leerink analyst Richard Newitter raised his price target for Intuitive Surgical to $810 from $790 on higher estimates and cash position, following the company's Q3 revenue and EPS beat, which was marked by solid year over year procedure growth and gross margin outperformance. The analyst remains bullish on Intuitive Surgical amid an improving procedure and gross margin outlook plus new product launches in the near-term. Newitter reiterates an Outperform rating on the shares.
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