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ISRG

Intuitive Surgical

$522.41

-20.44 (-3.77%)

07:26
10/19/18
10/19
07:26
10/19/18
07:26

Intuitive Surgical upgraded to Buy on 'moderated' valuation at Canaccord

As reported previously, Canaccord analyst Jason Mills upgraded Intuitive Surgical to Buy from Hold. The analyst admitted its valuation is not cheap, but it has moderated with the market's recent selloff. He believes the company is well positioned to lead the robotics revolution, which is gaining momentum. Its underlying business trends remain strong and the analyst sees new "injections" of growth over the next few quarters. Mills raised his price target to $610 from $550 on Intuitive Surgical shares.

ISRG Intuitive Surgical
$522.41

-20.44 (-3.77%)

10/19/18
PIPR
10/19/18
NO CHANGE
Target $613
PIPR
Overweight
Intuitive Surgical price target raised to $613 from $600 at Piper Jaffray
Piper Jaffray analyst JP McKim raised his price target for Intuitive Surgical to $613 and keeps an Overweight rating on the shares. The company last night reported "strong" Q3 results driven by a "remarkable" 20% procedure growth which is the highest seen in years, McKim tells investors in a research note. He believes Intuitive through different system price points and financing alternatives continues to broaden access to robotic technology "which ultimately leads to future procedure growth." This "remains a high quality franchise that investors need to own," says Olson.
10/19/18
ADAM
10/19/18
UPGRADE
ADAM
Buy
Intuitive Surgical upgraded to Buy from Hold at Canaccord
10/10/18
10/10/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Discovery (DISCA) upgraded to Outperform from Neutral at Credit Suisse with analyst Doug Mitchelson saying he has reviewed the company's Nielsen ratings trends in detail, discussed the company's ad execution with industry contacts and recalibrated distribution trends leading to an increase in his U.S. revenue forecast and increased confidence in his above-Street EBITDA estimates. 2. McDonald's (MCD) upgraded to Buy from Neutral at Guggenheim. 3. Ferrari (RACE) upgraded to Hold from Sell at Societe Generale with analyst Stephen Reitman saying the final version of the mid-term FY22 plan shared by new CEO Louis Camilleri in September broadly repeats the key financial goals first stated in February, but the manner as to how these will be achieved appears to have fundamentally altered. 4. Intuitive Surgical (ISRG) upgraded to Overweight from Neutral at Piper Jaffray with analyst JP McKim saying a survey of doctors from various specialties came back favorable for robotics and confirms that robotic surgery penetration is going "much higher." 5. Tile Shop (TTS) assumed with a Buy from Neutral at Citi with analyst Geoffrey Small saying the hard-surface flooring sector is attractive given its favorable growth profile, highly-fragmented structure and because it carries very little threat of e-commerce disruption. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/09/18
PIPR
10/09/18
UPGRADE
Target $600
PIPR
Overweight
Piper upgrades Intuitive Surgical, sees robotic surgeries going 'much higher'
Piper Jaffray analyst JP McKim upgraded Intuitive Surgical to Overweight from Neutral after taking over lead coverage from analyst Matt O'Brien. McKim also boosted his firm's price target for the shares to $600 from $540. The stock closed the trading day up $4.74 to $531.21. A survey of doctors from various specialties came back favorable for robotics and confirms that robotic surgery penetration is going "much higher," McKim tells investors in a research note. Further, the analyst's analysis of Intuitive's current install base and recent trade-in activity point to the beginnings of an upgrade/new product cycle of older generation to fourth generation systems. He sees upside to the company's system placements in 2018 and 2019 coupled with "sustainable" 15%-plus procedure growth going forward.

TODAY'S FREE FLY STORIES

YETI

Yeti

$16.99

0.1 (0.59%)

06:48
11/19/18
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  • 29

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KKR

KKR

$21.83

-0.46 (-2.06%)

06:48
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NRP

Natural Resource Partners

$34.05

0.6 (1.79%)

06:46
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BOOT

Boot Barn

$21.15

-0.91 (-4.13%)

06:46
11/19/18
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ETRN

Equitrans Midstream

$20.87

-1.12 (-5.09%)

06:42
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11/19
06:42
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06:42
Initiation
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XOG

Extraction Oil & Gas

$6.74

-0.25 (-3.58%)

06:42
11/19/18
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Hot Stocks
Extraction Oil & Gas announces $100M stock repurchase program »

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SPB

Spectrum Brands

$59.36

0.87 (1.49%)

, ENR

Energizer

$49.91

-1.53 (-2.97%)

06:41
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Spectrum Brands' Auto Business Sale agreement contains 'go-shop' provision »

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SPB

Spectrum Brands

$59.36

0.87 (1.49%)

ENR

Energizer

$49.91

-1.53 (-2.97%)

03/08/13
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  • 19

    Nov

DAR

Darling Ingredients

$20.06

-0.24 (-1.18%)

06:40
11/19/18
11/19
06:40
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06:40
Upgrade
Darling Ingredients rating change  »

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GOOG

Alphabet

$1,062.01

-2.73 (-0.26%)

, GOOGL

Alphabet Class A

$1,069.13

-2.09 (-0.20%)

06:40
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11/19
06:40
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06:40
Periodicals
Google, Temasek see $240B Southeast Asia internet economy by 2025, Reuters says »

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GOOG

Alphabet

$1,062.01

-2.73 (-0.26%)

GOOGL

Alphabet Class A

$1,069.13

-2.09 (-0.20%)

03/08/13
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  • 28

    Nov

  • 03

    Mar

CFX

Colfax

$28.00

0.31 (1.12%)

, BX

Blackstone

$32.48

-0.02 (-0.06%)

06:39
11/19/18
11/19
06:39
11/19/18
06:39
Hot Stocks
Colfax to acquire DJO Global for $3.15B in cash »

Colfax (CFX) announced it…

CFX

Colfax

$28.00

0.31 (1.12%)

BX

Blackstone

$32.48

-0.02 (-0.06%)

03/08/13
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  • 29

    Nov

XEC

Cimarex Energy

$88.63

-0.27 (-0.30%)

, REN

Resolute Energy

$30.51

0.67 (2.25%)

06:38
11/19/18
11/19
06:38
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06:38
Hot Stocks
Cimarex Energy to acquire Resolute Energy for $35 per share »

Cimarex Energy (XEC) and…

XEC

Cimarex Energy

$88.63

-0.27 (-0.30%)

REN

Resolute Energy

$30.51

0.67 (2.25%)

03/08/13
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P

Pandora

$8.91

-0.1 (-1.11%)

, SPOT

Spotify

$134.14

-2.91 (-2.12%)

06:37
11/19/18
11/19
06:37
11/19/18
06:37
Periodicals
Pandora, Spotify turn to podcasts for listeners, profit, WSJ reports »

Spotify (SPOT) and…

P

Pandora

$8.91

-0.1 (-1.11%)

SPOT

Spotify

$134.14

-2.91 (-2.12%)

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CFX

Colfax

$28.00

0.31 (1.12%)

06:37
11/19/18
11/19
06:37
11/19/18
06:37
Hot Stocks
Breaking Hot Stocks news story on Colfax »

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FQVLF

First Quantum Minerals

$0.00

(0.00%)

06:37
11/19/18
11/19
06:37
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06:37
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STNE

StoneCo

$25.31

0.69 (2.80%)

06:36
11/19/18
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06:36
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  • 26

    Nov

SAVE

Spirit Airlines

$52.43

-0.54 (-1.02%)

06:33
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Initiation
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  • 27

    Nov

XEC

Cimarex Energy

$88.63

-0.27 (-0.30%)

, REN

Resolute Energy

$30.51

0.67 (2.25%)

06:32
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06:32
Hot Stocks
Breaking Hot Stocks news story on Cimarex Energy, Resolute Energy »

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XEC

Cimarex Energy

$88.63

-0.27 (-0.30%)

REN

Resolute Energy

$30.51

0.67 (2.25%)

03/08/13
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03/06/13
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SPB

Spectrum Brands

$59.36

0.87 (1.49%)

06:32
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  • 19

    Nov

LUV

Southwest

$52.59

-0.64 (-1.20%)

06:31
11/19/18
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06:31
Initiation
Southwest initiated  »

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AIMT

Aimmune

$29.61

0.05 (0.17%)

06:31
11/19/18
11/19
06:31
11/19/18
06:31
Conference/Events
Aimmune to host conference call »

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  • 19

    Nov

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  • 12

    Dec

SPB

Spectrum Brands

$59.36

0.87 (1.49%)

06:30
11/19/18
11/19
06:30
11/19/18
06:30
Earnings
Spectrum Brands reports Q4 adjusted EPS 79c, consensus $1.08 »

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  • 19

    Nov

AAL

American Airlines

$36.74

-1.08 (-2.86%)

06:30
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Initiation
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INNV

Innovus Pharmaceuticals

$0.00

(0.00%)

06:30
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Hot Stocks
Innovus Pharmaceuticals acquires rights to four products from Boston Topicals »

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FB

Facebook

$139.55

-4.31 (-3.00%)

06:29
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11/19
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06:29
Periodicals
Zuckerberg adopts more aggressive approach as Facebook is at 'war', WSJ reports »

Facebook CEO Mark…

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  • 28

    Nov

JBLU

JetBlue

$18.03

-0.14 (-0.77%)

06:29
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06:29
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JetBlue initiated  »

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