Collins Stewart Starts Intuitive Surgical (ISRG) at Buy

Collins Stewart initiates coverage on Intuitive Surgical (NASDAQ: ISRG) with a Buy rating and $400 price target.

The firm states, "Intuitive is highly profitable, is growing at rates above most other large cap medical device companies, and its end markets still remain underpenetrated. While ISRG's valuation is at a premium to its peers, we believe this is well-deserved and reflects robust market opportunities with limited (if any) near-term competition."

For more ratings news on Intuitive Surgical click here and for the rating history of Intuitive Surgical click here.

Shares of Intuitive Surgical closed at $330.21 yesterday.

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