Intuitive Surgical price target raised to $360 from $355 at RBC Capital

RBC Capital analyst Shagun Singh raised the firm’s price target on Intuitive Surgical to $360 from $355 and keeps an Outperform rating on the shares. The company’s Q2 results topped expectations due to strong procedure volumes and higher system placements, the analyst tells investors in a research note. The firm adds that it continues to see a multi-year runway of growth for Intuitive Surgical driven by its technology leadership and robust end-markets.