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Fly News Breaks for July 21, 2017
ISRG
Jul 21, 2017 | 06:43 EDT
Barclays analyst Matthew Taylor raised his price target for Intuitive Surgical to $1,000 saying the company reported a "robust" Q2 with procedure growth of 16% versus the consensus of 13%. Further, new box placements accelerated with notable strength in the U.S. and some contribution from the new X system, Taylor tells investors in a post-earnings research note. He lists valuation and the potential for competition "down the road" as his only concerns. The analyst keeps an Overweight rating on Intuitive Surgical.
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