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UPDATE: Goldman Sachs Downgrades Intuitive Surgical on Disappointing 2Q2013 Results

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Barclays Praises Impressive Q3 From Intuitive Surgical

In a report published on Tuesday, Goldman Sachs analyst David H. Roman downgraded Intuitive Surgical (NASDAQ: IRSG) to Neutral and lowered the price target to $500 from $676.

In the report, Goldman Sachs noted, "While procedure volumes were somewhat better than most had feared (no material change in growth vs. Q1), the US capital equipment business looks to be facing material incremental headwinds".

Intuitive Surgical closed on Monday at $500.08.

Latest Ratings for ISRG

DateFirmActionFromTo
Oct 2016Wells FargoInitiates Coverage OnOutperform
Aug 2016Raymond JamesInitiates Coverage onOutperform
Jul 2016CitigroupMaintainsBuy

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Posted-In: David H. Roman Goldman SachsAnalyst Color Downgrades Analyst Ratings

 

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