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Fly News Breaks for February 12, 2020
Feb 12, 2020 | 17:44 EDT
Goldman Sachs analyst Amit Hazan initiated coverage of Intuitive Surgical with a Conviction Buy rating and $725 price target. The analyst believes that the company can generate a "durable" installed base growth with strong U.S. robotic market adoption trends and new geographic drivers that include China. Hazan expects Intuitive Surgical to sustain its high teens procedure growth along with sales and earnings results and also notes "new opportunities" awaiting the company beyond surgery.
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