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Fly News Breaks for April 19, 2017
ISRG
Apr 19, 2017 | 09:17 EDT
BofA/Merrill analyst Bob Hopkins raised Intuitive Surgical's (ISRG) price target to $900 following the Q1 report of volume growth above expectations and the announcement of an entirely new, unexpected robotic platform, the da Vinci X. The analyst believes the new dA Vinci X platform could drive a significant Si upgrade cycle and expand the company's foot print into more cost sensitive accounts that Medtronic (MDT) may have targeted, materially impacted 2018/19 revenue growth. Hopkins rates Intuitive Surgical a Buy.
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