Fly News Breaks for January 10, 2020
Jan 10, 2020 | 05:19 EDT
Piper Sandler analyst Adam Maeder says Intuitive Surgical's initial procedure growth guidance for 2020 of 13%-16% compares to his estimate of 16%. The "conservative" initial outlook is not surprising given Intuitive's track record of conservative initial guidance, which is prudent at this stage of the year, Maeder tells investors in a research note. The analyst points out the company's preliminary Q4 revenue came in above consensus. He reiterates an Overweight rating on the shares with a $633 price target.
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