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Fly News Breaks for April 18, 2018
ISRG
Apr 18, 2018 | 09:06 EDT
Morgan Stanley analyst David Lewis said Intuitive Surgical's results beat even his "bullish expectations," with strong procedure growth and system placements. Noting that procedures grew 15% in Q1, Lewis sees reasons to believe growth should improve from there for the balance of the year. The analyst, who sees Intuitive heading into "the most catalyst rich cycle" in its history, raised his price target on the stock to $525 from $500 and keeps an Overweight rating on the shares.
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