Breaking News

Over a week ago
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Recommendations
Medtronic robot delay positive for Intuitive Surgical, says Piper Sandler » 11:34
05/21/20
05/21
11:34
05/21/20
11:34
ISRG

Intuitive Surgical

/

+

, MDT

Medtronic

$95.60 /

-2.44 (-2.49%)

Medtronic (MDT), when…

Medtronic (MDT), when reporting fiscal Q4 results today, said its ability to complete required software system and pre-clinical testing for its surgical robot has been delayed due to COVID-19, Piper Sandler analyst Adam Maeder tells investors in a research note. The analyst, who believes the Medtronic surgical robot system could be delayed by roughly two quarters, views today's update as an "incremental positive" for Intuitive Surgical (ISRG). Intuitive is well positioned from a competitive standpoint and any material delays to new market entrants could further strengthen its first-mover advantage, contends Maeder. The analyst, however, keeps a Neutral rating on the shares with a $510 price target citing a lack of visibility on new system placements and valuation.

ShowHide Related Items >><<
MDT Medtronic
$95.60 /

-2.44 (-2.49%)

ISRG Intuitive Surgical
/

+

ISRG Intuitive Surgical
/

+

04/29/20 Piper Sandler
Intuitive Surgical estimates lowered on support program at Piper Sandler
04/28/20
Fly Intel: Top five analyst downgrades
04/28/20 Piper Sandler
Intuitive Surgical downgraded to Neutral from Overweight at Piper Sandler
04/17/20 Deutsche Bank
Intuitive Surgical price target lowered to $500 from $595 at Deutsche Bank
MDT Medtronic
$95.60 /

-2.44 (-2.49%)

05/14/20 DZ Bank
Medtronic downgraded to Hold from Buy at DZ Bank
04/28/20 Piper Sandler
Untreated heart attacks negative for Abiomed, says Piper Sandler
04/22/20 Wells Fargo
Medtronic price target lowered to $108 from $130 at Wells Fargo
04/09/20 Raymond James
Medtronic price target lowered to $110 from $122 at Raymond James
MDT Medtronic
$95.60 /

-2.44 (-2.49%)

ISRG Intuitive Surgical
/

+

MDT Medtronic
$95.60 /

-2.44 (-2.49%)

ISRG Intuitive Surgical
/

+

MDT Medtronic
$95.60 /

-2.44 (-2.49%)

ISRG Intuitive Surgical
/

+

MDT Medtronic
$95.60 /

-2.44 (-2.49%)

ISRG Intuitive Surgical
/

+

Hot Stocks
Intuitive Surgical awarded maximum $420M Defense Logistics Agency contract » 18:01
05/06/20
05/06
18:01
05/06/20
18:01
ISRG

Intuitive Surgical

$512.10 /

-0.62 (-0.12%)

Intuitive Surgical has…

Intuitive Surgical has been awarded a maximum $420M firm-fixed-price, indefinite-delivery/indefinite-quantity contract for surgical robots, instruments and their related accessories. This is a five-year contract with no option periods. This was a competitive acquisition with 105 responses received. Location of performance is California, with a May 5, 2025, performance completion date. Using customers are Army, Navy, Air Force, Marine Corps and federal civilian agencies. Type of appropriation is FY20 through FY25 defense working capital funds. The contracting activity is the Defense Logistics Agency Troop Support.

ShowHide Related Items >><<
ISRG Intuitive Surgical
$512.10 /

-0.62 (-0.12%)

04/29/20 Piper Sandler
Intuitive Surgical estimates lowered on support program at Piper Sandler
04/28/20
Fly Intel: Top five analyst downgrades
04/28/20 Piper Sandler
Intuitive Surgical downgraded to Neutral from Overweight at Piper Sandler
04/17/20 Deutsche Bank
Intuitive Surgical price target lowered to $500 from $595 at Deutsche Bank
Over a month ago
Recommendations
Intuitive Surgical estimates lowered on support program at Piper Sandler » 09:52
04/29/20
04/29
09:52
04/29/20
09:52
ISRG

Intuitive Surgical

$507.75 /

+4.14 (+0.82%)

After speaking to…

After speaking to management, Piper Sandler analyst Adam Maeder says the biggest component of Intuitive Surgical's financial support program are credits related to Da Vinci service costs. These will help provide financial relief to hospital customers who are experiencing lower procedure volumes due to the COVID-19 pandemic, Maeder tells investors in a research note. Intuitive expects these will lower the company's service revenue primarily in Q2 and to a lesser extent in Q3, adds the analyst. Maeder reduced Intuitive's 2020 sales estimate to $3.759B from $3.867B and adjusted earnings per share estimate to $8.05 from $8.87. The company has a strong balance sheet, which provides it the ability to support customers through these measures, says Maeder.

ShowHide Related Items >><<
ISRG Intuitive Surgical
$507.75 /

+4.14 (+0.82%)

04/28/20
Fly Intel: Top five analyst downgrades
04/28/20 Piper Sandler
Intuitive Surgical downgraded to Neutral from Overweight at Piper Sandler
04/17/20 Deutsche Bank
Intuitive Surgical price target lowered to $500 from $595 at Deutsche Bank
04/17/20 SVB Leerink
Intuitive Surgical downgraded to Market Perform from Outperform at SVB Leerink
Hot Stocks
Intuitive Surgical providing financial relief to customers amid pandemic » 09:37
04/29/20
04/29
09:37
04/29/20
09:37
ISRG

Intuitive Surgical

$503.61 /

-13.79 (-2.67%)

Intuitive on Tuesday…

Intuitive on Tuesday provided an update on its efforts to support customers, communities, and its employees during the COVID-19 pandemic. "The COVID-19 pandemic presents unprecedented challenges to global health care systems, care teams, and communities," said Intuitive CEO Gary Guthart. "Intuitive is focused on the health and safety of our customers, our communities and our employees, through policies and initiatives designed to help." Intuitive and the Intuitive Foundation are working to assemble, donate, and distribute personal protective equipment to hospitals and healthcare facilities. To date, more than 100,000 pieces of PPE have been sourced or built, and then donated for distribution throughout the U.S. The company's goal is to manufacture and donate 1 million more face shields globally. The Intuitive Foundation is also connecting employees with opportunities to volunteer in their communities. Intuitive has taken numerous measures to minimize the spread of COVID-19 while continuing to provide essential services and support to customers. Intuitive implemented a work-from-home policy for the majority of employees globally. For employees who cannot work from home, Intuitive has implemented additional health and safety measures, including maximizing working space, changing shift schedules, and instituting mandatory screening and temperature checks. Intuitive has implemented an expanded paid and sick leave program to support employees who are unable to work due to family care responsibilities, underlying health issues, connectivity issues, or other unique circumstances. The company is also providing premium pay for essential team members who continue to supply customers with the products needed to care for patients. In addition, there are Employee Assistance Programs that have been developed or expanded to provide services and resources specific to the needs of employees at this time. Intuitive recognizes the economic toll that COVID-19 has taken on hospitals and healthcare systems, and is introducing a series of programs to provide financial relief to customers. Intuitive expects that the estimated value of this financial support will range between $90M and $130M, and will not exceed $205M.

ShowHide Related Items >><<
ISRG Intuitive Surgical
$503.61 /

-13.79 (-2.67%)

04/28/20
Fly Intel: Top five analyst downgrades
04/28/20 Piper Sandler
Intuitive Surgical downgraded to Neutral from Overweight at Piper Sandler
04/17/20 Deutsche Bank
Intuitive Surgical price target lowered to $500 from $595 at Deutsche Bank
04/17/20 SVB Leerink
Intuitive Surgical downgraded to Market Perform from Outperform at SVB Leerink
On The Fly
Fly Intel: Six Flags upgrade, Cedar Fair downgrade among top Wall Street calls » 10:00
04/28/20
04/28
10:00
04/28/20
10:00
SIX

Six Flags

$19.25 /

+1.57 (+8.88%)

, FUN

Cedar Fair

$31.55 /

+1.83 (+6.16%)

, SQ

Square

$64.75 /

+1.16 (+1.82%)

, ROKU

Roku

$125.00 /

-3.6 (-2.80%)

, ISRG

Intuitive Surgical

$515.82 /

-1.58 (-0.31%)

, IMAX

Imax

$11.92 /

+0.87 (+7.87%)

Check out today's top…

Open Full Text

ShowHide Related Items >><<
SIX Six Flags
$19.25 /

+1.57 (+8.88%)

04/28/20
Fly Intel: Top five analyst upgrades
04/28/20 Wells Fargo
Six Flags upgraded to Equal Weight at Wells Fargo
04/28/20 Wells Fargo
Six Flags upgraded to Equal Weight from Underweight at Wells Fargo
04/20/20 KeyBanc
Six Flags price target lowered to $23 from $28 at KeyBanc
FUN Cedar Fair
$31.55 /

+1.83 (+6.16%)

04/28/20 Wells Fargo
Cedar Fair downgraded to Equal Weight at Wells Fargo
04/28/20 Wells Fargo
Cedar Fair downgraded to Equal Weight from Overweight at Wells Fargo
04/20/20 KeyBanc
SeaWorld price target lowered to $17 from $25 at KeyBanc
04/20/20 KeyBanc
Cedar Fair price target lowered to $33 from $42 at KeyBanc
SQ Square
$64.75 /

+1.16 (+1.82%)

04/28/20
Fly Intel: Top five analyst downgrades
04/28/20 Compass Point
Compass Point downgrades Square to Sell on 'significant disconnect with reality'
04/28/20 Compass Point
Square downgraded to Sell from Neutral at Compass Point
04/16/20
Fly Intel: Top five analyst downgrades
ROKU Roku
$125.00 /

-3.6 (-2.80%)

04/28/20 Guggenheim
Guggenheim downgrades Roku to Neutral with stay-at-home enthusiasm priced in
04/28/20 Guggenheim
Roku downgraded to Neutral from Buy at Guggenheim
04/20/20 DA Davidson
Roku price target lowered to $150 from $185 at DA Davidson
ISRG Intuitive Surgical
$515.82 /

-1.58 (-0.31%)

04/28/20 Piper Sandler
Intuitive Surgical downgraded to Neutral from Overweight at Piper Sandler
04/17/20 Deutsche Bank
Intuitive Surgical price target lowered to $500 from $595 at Deutsche Bank
04/17/20 SVB Leerink
Intuitive Surgical downgraded to Market Perform from Outperform at SVB Leerink
IMAX Imax
$11.92 /

+0.87 (+7.87%)

04/28/20 Benchmark
Benchmark upgrades Imax to Buy, sees movie-goers eventually returning
04/28/20 Benchmark
Imax upgraded to Buy from Hold at Benchmark
04/24/20
Fly Intel: Top five analyst downgrades
Downgrade
Fly Intel: Top five analyst downgrades » 09:55
04/28/20
04/28
09:55
04/28/20
09:55
ISRG

Intuitive Surgical

$516.00 /

-1.4 (-0.27%)

, SQ

Square

$64.29 /

+0.7 (+1.10%)

, FND

Floor & Decor

$39.48 /

+0.65 (+1.67%)

, PSA

Public Storage

$196.51 /

+3.51 (+1.82%)

, ROKU

Roku

$126.01 /

-2.59 (-2.01%)

Catch up on today's…

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Intuitive Surgical (ISRG) downgraded to Neutral from Overweight at Piper Sandler with analyst Adam Maeder stating he believes a recovery of the capital equipment spending environment will likely take longer than previously expected. 2. Square (SQ) downgraded to Sell from Neutral at Compass Point with analyst Michael Del Grosso expecting "continued material headwinds" to Square's total payment volume and revenue given its "significant exposure" to small businesses. 3. Floor & Decor (FND) downgraded to Outperform from Strong Buy at Raymond James with analyst Matthew McClintock citing the current economic reality and near-term challenges. 4. Public Storage (PSA) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Ronald Kamdem saying job growth is the best indicator of storage demand and the firm's economists expect a record-high unemployment rate. 5. Roku (ROKU) downgraded to Neutral from Buy at Guggenheim with analyst Michael Morris stating that with investor sentiment on Roku having strengthened in recent weeks, he sees enthusiasm about the "stay-at-home" environment being priced into the stock. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

ShowHide Related Items >><<
ISRG Intuitive Surgical
$516.00 /

-1.4 (-0.27%)

04/28/20 Piper Sandler
Intuitive Surgical downgraded to Neutral from Overweight at Piper Sandler
04/17/20 Deutsche Bank
Intuitive Surgical price target lowered to $500 from $595 at Deutsche Bank
04/17/20 SVB Leerink
Intuitive Surgical downgraded to Market Perform from Outperform at SVB Leerink
04/17/20 Stifel
Intuitive Surgical price target raised to $575 from $425 at Stifel
SQ Square
$64.29 /

+0.7 (+1.10%)

04/28/20 Compass Point
Compass Point downgrades Square to Sell on 'significant disconnect with reality'
04/28/20 Compass Point
Square downgraded to Sell from Neutral at Compass Point
04/16/20
Fly Intel: Top five analyst downgrades
04/16/20 Raymond James
Square downgraded to Underperform from Market Perform at Raymond James
FND Floor & Decor
$39.48 /

+0.65 (+1.67%)

04/28/20 Wells Fargo
Floor & Decor price target raised to $45 from $40 at Wells Fargo
04/28/20 Raymond James
Floor & Decor downgraded to Outperform at Raymond James on near-term challenges
04/28/20 Raymond James
Floor & Decor downgraded to Outperform from Strong Buy at Raymond James
04/27/20 Loop Capital
Floor & Decor price target lowered to $40 from $56 at Loop Capital
PSA Public Storage
$196.51 /

+3.51 (+1.82%)

04/28/20 Morgan Stanley
Morgan Stanley downgrades Public Storage to Underweight amid record job losses
04/28/20 Morgan Stanley
Public Storage downgraded to Underweight from Equal Weight at Morgan Stanley
04/01/20 BofA
Apple, Netflix among BofA's Top 10 U.S. ideas for Q2
03/26/20 Morgan Stanley
Public Storage resumed with an Equal Weight at Morgan Stanley
ROKU Roku
$126.01 /

-2.59 (-2.01%)

04/28/20 Guggenheim
Guggenheim downgrades Roku to Neutral with stay-at-home enthusiasm priced in
04/28/20 Guggenheim
Roku downgraded to Neutral from Buy at Guggenheim
04/20/20 DA Davidson
Roku price target lowered to $150 from $185 at DA Davidson
04/16/20 Berenberg
Roku initiated with a Buy at Berenberg
Downgrade
Intuitive Surgical downgraded to Neutral from Overweight at Piper Sandler » 05:06
04/28/20
04/28
05:06
04/28/20
05:06
ISRG

Intuitive Surgical

$517.40 /

+2.45 (+0.48%)

Piper Sandler analyst…

Piper Sandler analyst Adam Maeder downgraded Intuitive Surgical to Neutral from Overweight with a price target of $510, down from $570. The stock closed Monday up $2.17 to $517.10. While the analyst expected a "transitory material headwind" from COVID-19, following a deeper analysis, he believes a recovery of the capital equipment spending environment will likely take longer than previously expected. Additionally, Intuitive Surgical shares have held in well since the COVID-19 outbreak, Maeder tells investors in a research note. Given the stock's current valuation relative to its peers and the near-to-medium-term pressure likely on the capital front, he expects Intuitive shares to be range-bound over the next 12 months.

ShowHide Related Items >><<
ISRG Intuitive Surgical
$517.40 /

+2.45 (+0.48%)

04/17/20 Deutsche Bank
Intuitive Surgical price target lowered to $500 from $595 at Deutsche Bank
04/17/20 SVB Leerink
Intuitive Surgical downgraded to Market Perform from Outperform at SVB Leerink
04/17/20 Stifel
Intuitive Surgical price target raised to $575 from $425 at Stifel
04/17/20 Canaccord
Intuitive Surgical price target lowered to $562 from $655 at Canaccord
Recommendations
Intuitive Surgical price target lowered to $500 from $595 at Deutsche Bank » 08:41
04/17/20
04/17
08:41
04/17/20
08:41
ISRG

Intuitive Surgical

$509.73 /

-1.45 (-0.28%)

Deutsche Bank analyst…

Deutsche Bank analyst Imron Zafar lowered the firm's price target on Intuitive Surgical to $500 from $595 and keeps a Hold rating on the shares. The analyst says near-term pressures and uncertain es are "aplenty" post Intuitive Surgical's Q1 results.

ShowHide Related Items >><<
ISRG Intuitive Surgical
$509.73 /

-1.45 (-0.28%)

04/17/20 SVB Leerink
Intuitive Surgical downgraded to Market Perform from Outperform at SVB Leerink
04/17/20 Stifel
Intuitive Surgical price target raised to $575 from $425 at Stifel
04/17/20 Canaccord
Intuitive Surgical price target lowered to $562 from $655 at Canaccord
04/17/20 Piper Sandler
Intuitive Surgical price target lowered to $570 from $633 at Piper Sandler
Downgrade
Intuitive Surgical downgraded to Market Perform from Outperform at SVB Leerink » 08:08
04/17/20
04/17
08:08
04/17/20
08:08
ISRG

Intuitive Surgical

$509.73 /

-1.45 (-0.28%)

SVB Leerink analyst…

SVB Leerink analyst Richard Newitter downgraded Intuitive Surgical to Market Perform from Outperform with a price target of $535, down from $575. In a research note to investors, Newitter says he expects the prolonged slowdown in hospital capital spend for big ticket items, like robots to cloud visibility around calling "a bottom" for 2020-2021+ estimates. While he still considers Intuitive Surgical a premium MedTech asset, he is reluctant to advocate for putting new money to work in the stock nearer term solely on the basis of an expanding multiple premium while estimates are coming down.

ShowHide Related Items >><<
ISRG Intuitive Surgical
$509.73 /

-1.45 (-0.28%)

04/17/20 Stifel
Intuitive Surgical price target raised to $575 from $425 at Stifel
04/17/20 Canaccord
Intuitive Surgical price target lowered to $562 from $655 at Canaccord
04/17/20 Piper Sandler
Intuitive Surgical price target lowered to $570 from $633 at Piper Sandler
04/17/20 SVB Leerink
Intuitive Surgical downgraded to Market Perform from Outperform at SVB Leerink
Recommendations
Intuitive Surgical price target raised to $575 from $425 at Stifel » 07:57
04/17/20
04/17
07:57
04/17/20
07:57
ISRG

Intuitive Surgical

$509.73 /

-1.45 (-0.28%)

Stifel analyst Rick Wise…

Stifel analyst Rick Wise raised the firm's price target on Intuitive Surgical to $575 from $425 and keeps a Buy rating on the shares. His recent due diligence suggests that hospitals' appetite for capital purchases, including robotics, could be limited in the near-term, but Wise is still walking up his projections for 2020-2022 after his "aggressive" March 24 revisions. For full-year 2020, he now projects procedure volumes declining 21%, which is improved from his prior forecast for a 27% decline. He then sees them advancing 42% in 2021 and 20% in 2022, the analyst noted.

ShowHide Related Items >><<
ISRG Intuitive Surgical
$509.73 /

-1.45 (-0.28%)

04/17/20 Canaccord
Intuitive Surgical price target lowered to $562 from $655 at Canaccord
04/17/20 Piper Sandler
Intuitive Surgical price target lowered to $570 from $633 at Piper Sandler
04/17/20 SVB Leerink
Intuitive Surgical downgraded to Market Perform from Outperform at SVB Leerink
04/09/20 Evercore ISI
Intuitive Surgical downgraded to Underperform from In Line at Evercore ISI

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.