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Fly News Breaks for April 18, 2018
ISRG
Apr 18, 2018 | 05:13 EDT
Piper Jaffray analyst Matt O'Brien raised his price target for Intuitive Surgical to $460 following last night's Q1 results. "Simply put, the train keeps on rolling down the tracks, as the performance was much better than expected on the top- and bottom lines," O'Brien tells investors in a post-earnings research note. He views the company's 112 domestic system placements of 112 as the "clear standout," which easily topped his estimate of 84. The analyst, however, keeps a Neutral rating on Intuitive Surgical, which he admits has been " horribly incorrect," as he prefers not to chase the shares at these levels.
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