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Intuitive Surgical price target raised to $700 from $600 at BofA

Intuitive Surgical price target raised to $700 from $600 at BofA

BofA raised the firm’s price target on Intuitive Surgical (ISRG) to $700 from $600 and keeps a Buy rating on the shares. Intuitive’s Q4 operating margin of 38.4% was its highest in 13 quarters and the company posted year-over-year EPS growth of 38%, notes the analyst, who expects continued “outsized” EPS growth.

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