Fly News Breaks for January 10, 2020
Jan 10, 2020 | 08:39 EDT
After Intuitive Surgical's Q4 pre-announcement came in better than estimates with revenue of $1.278B, Oppenheimer analyst Suraj Kalia said the "recent noise on softer procedure volume for Intuitive turned out to be a red herring." However, he views the stock being "in no-man's land" as he is not sure a 5% quarterly surprise justfies a valuation higher than 50 times forward P/E. Kalia maintains a Perform rating on Intuitive Surgical shares, citing valuation.
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