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Intuitive Surgicalassumedat Overweightfrom Equal Weightat Morgan Stanley

//stocks-investing.news-articles.net/content/202 .. verweightfrom-equal-weightat-morgan-stanley.html

Published in Stocks and Investing on Monday, December 2nd 2024 at 14:31 GMT by Thomas Matters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Morgan Stanley upgraded Intuitive Surgical (ISRG) to Overweight from Equal Weight with a price target of $650, up from $522, as the analyst

Orbitz

Morgan Stanley has upgraded Intuitive Surgical's stock rating from "equal weight" to "overweight" and increased its price target from $330 to $365, as reported by Business Insider. This upgrade reflects the bank's increased confidence in Intuitive Surgical, a company known for its da Vinci Surgical System, which is pivotal in robotic-assisted surgery. The decision was influenced by several factors including the company's strong market position, the growing acceptance of robotic surgery, and potential for market expansion. Analyst Patrick Wood highlighted the company's robust fundamentals, its ability to navigate through economic challenges, and the expectation of continued growth in procedure volumes as key reasons for the upgrade. This positive outlook comes at a time when the healthcare sector is increasingly leaning towards technological advancements to improve surgical outcomes.

Read the Full Business Insider Article at:
[ https://markets.businessinsider.com/news/stocks/intuitive-surgical-assumed-at-overweight-from-equal-weight-at-morgan-stanley-1034086113 ]

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