Raymond James raised the firm’s price target on Intuitive Surgical (ISRG) to $688 from $560 and keeps an Outperform rating on the shares. EPS upside in Q4 was even more than expected on stronger margins, and while the guidance does not assume continuation of the margin momentum, there is plenty of room still for margin expansion, especially as the top-line inflects, the analyst tells investors in a research note.
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