Stocks & Investing
Stocks and Investing
Stocks and Investing
Mon, December 2, 2024
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Intuitive Surgical assumed at Overweight from Equal Weight at Morgan Stanley
- Morgan Stanley upgraded Intuitive Surgical (ISRG) to Overweight from Equal Weight with a price target of $650, up from $522, as the analyst
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 ]
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 ]
