Intuitive Surgical price target lowered to $363 from $386 at Wells Fargo

Wells Fargo lowered the firm’s price target on Intuitive Surgical to $363 from $386 and keeps an Overweight rating on the shares. Intuitive Surgical’s EPS was above expectations, though revenue was below consensus, the analyst tells investors in a research note. Intuitive saw strong procedure growth in Q3, with strength in both the U.S. and OUS, and bariatric surgery growth was up double digits despite slowing in the U.S. vs. Q2, the firm says.