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Fly News Breaks for January 26, 2018
ISRG
Jan 26, 2018 | 08:51 EDT
Stifel analyst Rick Wise noted that Intuitive Surgical management reiterated its previously provided 2018 procedure growth outlook for 11%-15% growth, but he points out that over the last several years initial procedure growth guidance has ultimately proved to be conservative. While he thinks the shares may experience some transient softness following the quarterly report and guidance, he would be a buyer on weakness. Wise raised his price target on Intuitive Surgical shares to $480 and keeps a Buy rating on the stock.
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