Wells Fargo analyst Larry Biegelsen lowered the price target on Intuitive Surgical to $289 from $305 and keeps an Overweight rating on the shares. The firm notes that the company’s Q4 revenues and 2023 procedure growth guidance were in line with the 1/11 pre-announcement while EPS missed. No new system is expected in 2023 and opex growth for 2023 came in below expectations, Wells adds.
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Published first on TheFly
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