Fly News Breaks for January 24, 2020
Jan 24, 2020 | 08:19 EDT
JPMorgan analyst Tycho Peterson raised his price target for Intuitive Surgical to $665 from $575 saying the company reported "solid" Q4 results. Despite recent fears over a procedure slowdown, Intuitive once again delivered with another strong quarter, as procedure and placement momentum show "absolutely no signs of slowing," Peterson tells investors in a research note. With a growing pipeline, the company continues to widen its "competitive moat," adds the analyst. He continues to like the setup and reiterates an Overweight rating on Intuitive Surgical.
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