Intuitive Surgical price target lowered to $240 from $245 at Mizuho

Mizuho analyst Anthony Petrone lowered the firm’s price target on Intuitive Surgical to $240 from $245 and keeps a Neutral rating on the shares post the Q4 results. Moving parts on initial guidance calls for continued pressure in margins along with heightened spend, which settles the implied outlook in the $5.00-$5.10 earnings per share range, or 30c light of Street expectations, the analyst tells investors in a research note.