Wedbush initiated coverage on Intuitive Surgical (NASDAQ: ISRG) with an Outperform rating and a price target of $580.00. Analyst Tao Levy sees favorable risk/reward.
“While ISRG has encountered mounting criticisms from multiple parties, we find the risk/reward profile attractive at current levels. Our bullish outlook is predicated on the underpenetrated procedure opportunity, ongoing launch of new instruments and accessories, and ISRG’s track record of innovation and new product development,” said Levy.
For an analyst ratings summary and ratings history on Intuitive Surgical click here. For more ratings news on Intuitive Surgical click here. Shares of Intuitive Surgical closed at $498.31 yesterday, with a 52 week range of $455.18-$585.67.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items – JOIN NOW *NEW – Download StreetInsider’s FREE iPhone and iPad App – Click Here begin ad tag (tile=12) — End ad tag —