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Monday, April 22, 2019

Intuitive Surgical price target lowered to $575 from $610 at Canaccord

Canaccord analyst Jason Mills lowered his price target on Intuitive Surgical to $575 from $610 following the company’s Q1 EPS miss. Mills says he thinks the post-print pullback in the stock is a “gift to longs,” and says he would be an aggressive buyer of Intuitive Surgical on weakness. The analyst, who maintains a Buy rating, says the fundamentals of the business were “robust” in Q1 and expects they will remain so going forward.

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