UPDATE: Cantor Fitzgerald Raises Intuitive Surgical's PT

According to a research report published earlier today, Cantor Fitzgerald has increased Intuitive Surgical's ISRG PT from $460 to $475. In the report, Cantor Fitzgerald commented, “Intuitive put up yet another stellar quarter, beating on both the top and bottom lines as well as on unit sales and procedure growth, while 2012 guidance was raised. Because of these results, we are taking our numbers up and raising our price target from $460 to $475, but the stock remains overvalued, in our view, despite its growth profile. We would prefer not to chase the stock here.” Cantor Fitzgerald maintains its Hold rating on Intuitive Surgical, which is currently trading at $591.75.