The analyst initiated coverage with a Hold rating. INVESTMENT SUMMARY: The analyst believes that the current economic environment should continue to be an issue for the company as the capital equipment market slows.
Last edited Fri Dec 26, 2008 03:34 PM by MSamanta (Zacks Investment Research)
Additional analysis and Buy / Sell / Hold recommendations have been made by DEUTSCHE BK SEC, BAS - ML and MORGAN STANLEY. If you are a client or partner of one of these firms, you can gain access by registering for access or logging in
The analysts’ positive stance on Intuitive Surgical is premised on its strong growth and profitability outlook. These analysts believe that the underlying demand for robotic surgery remains favorable. The current challenging issues for the company include lingering concerns about hospital capital spending, drop in procedure growth and stagnant da Vinci instrument average selling price (ASP). Still, these analysts remain positive about the company’s long-term outlook as the economy may stabilize and da Vinci’s usage increase across multiple specialties and indications. The analysts expect the company to boost its outside US (OUS) sales and marketing presence as more international markets adopt robotic surgery. In the end, the bullish analysts consider the company to be a safe investment despite quarter-to-quarter volatility.
Last edited Thu Jan 06, 2011 04:54 AM by MadhubantiMaitra (Zacks Investment Research)
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