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Analysts Mixed on Intuitive Sugical Following More Bad News (ISRG)

Intuitive Surgical (NASDAQ: ISRG) is down nearly 12 percent Friday after it reported EPS of $3.90 versus consensus of $4.04 and revenue of $578.5 million versus estimates of $594.58 million.

Investors are well aware of the headwinds that have faced the company of late. Intuitive Surgical makes the DaVinci robotic surgical system. It has faced criticism as not demonstrating better patient outcome despite its higher price. Estimates had already been lowered but the company still missed drastically.

However, analysts are mixed today.

Northland Securities upgraded the company from Underperform to Market Perform but lowered the price target from $400 to $370.

JMP Securities Downgraded the company from Market Perform to Market Underperform and placed a $275 price target on it.

Leerink cut its price target to $410 and maintains a Market Perform rating.

Still, however, the stock has 6 Strong Buy, 8 Buy, and 3 Hold ratings.

[stock-tools exchange="NASDAQ" symbol="ISRG" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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