Morgan Stanley upgraded Intuitive Surgical (ISRG) to Overweight from Equal Weight with a price target of $650, up from $522, as the analyst assumed coverage of the stock. The firm expects strong Davita 5 placements to drive upside to Street installed base expectations and its work on system payback curves points to a number of potential new areas like glioblastoma resection, hybrid cardiac revascularization and nipple sparing mastectomy, the analyst tells investors.
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