Redburn Atlantic upgraded Intuitive Surgical to Buy from Neutral with a price target of $510, up from $380. The analyst says Intuitive is best positioned to benefit from the multi-year expansion that Redburn expects as robotic assistance technology disrupts traditional surgery. The roll out of the new generation da Vinci 5 system can consolidate Intuitive’s leading position in robotic surgical assistance, increase penetration and support a new upgrade cycle with existing customers, the analyst tells investors in a research note.
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