Intuitive Surgical price target raised to $375 from $365 at Jefferies

Jefferies raised the firm’s price target on Intuitive Surgical to $375 from $365 and keeps a Hold rating on the shares after the company reported a Q1 beat and increased procedure growth guidance to 14%-17% from 13%-16%, given a solid start to the fiscal year. Given the Q1 beat and guidance raise, the firm is raising its estimates, the analyst noted.