Intuitive Surgical price target raised to $515 from $475 at RBC Capital

RBC Capital raised the firm’s price target on Intuitive Surgical to $515 from $475 and keeps an Outperform rating on the shares after hosting meetings with its management team. The takeaways included positive physician uptake of the new DV5 robot, the opportunity for continued procedure growth given demand and utilization trends, and a stable capital environment, the analyst tells investors in a research note.