Intuitive Surgical price target raised to $386 from $310 at Wells Fargo

Wells Fargo raised the firm’s price target on Intuitive Surgical to $386 from $310 and keeps an Overweight rating on the shares. Intuitive Surgical’s Q2 revenues, EPS and procedure growth were all above consensus expectations, and Wells Fargo believes Intuitive has the best-in-class technology platform in robotics, a well-entrenched market position, and industry-leading margins and FCF profile, the analyst tells investors in a research note.