Piper Sandler analyst Adam Maeder raised the firm’s price target on Intuitive Surgical to $385 from $315 and keeps an Overweight rating on the shares. The company’s Q2 revenue, procedure growth, and adjusted earnings all came in ahead of Street expectations and it raised its procedure growth guidance, the analyst tells investors in a research note. The firm thinks putting more da Vincis in the field ahead of competition is also a good thing. It would be a buyer of any weakness in the shares and likes the setup going forward.
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