Intuitive Surgical down 4% after Q4 repor

Sell-side analysts weigh in after Intuitive Surgical (ISRG -4.1%) reported Q4 and 2019 results after the close yesterday.

Evercore ISI’s Vijay Kumar (Neutral): Gross margin guide for this year (will “fluctuate” according to CFO Marshall Mohr, 70 – 71% versus 72.2% last quarter) implicitly assuming geographical skew towards U.S. Price target cut to $595 from $600.

SVB Leerink’s Richard Newitter (Outperform/$670): Guidance “probably conservative” leaving room for share appreciation.

Cantor Fitzgerald’s Craig Bijou (Overweight/$690): Continued investment in imaging and analytics capability could slow EPS growth, but fundamentals remain strong.

https://seekingalpha.com/news/3534386-intuitive-surgical-down-4-after-q4-report