Intuitive Surgical (ISRG) PT Raised to $620 at Evercore ISI

Evercore ISI analyst Vijay Kumar reiterated a Buy rating and raised his price target on Intuitive Surgical (NASDAQ: ISRG) to $620.00 (from $600.00) following strong results after teh close.

The firm raised FY16 EPS from $20.40 to $21.30 mainly due to higher gross margins assumptions, offset partly by a slightly higher share count. The firm lowered FY17 EPS from $24.25 to $24.00 due to higher share count assumption. They initiated FY18 EPS at $26.85, with double digit revenue growth offset by reinstatement of medical device tax.

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 $555.60 yesterday.

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