BofA Merrill Lynch raises Intuitive Surgical’s price target to $550

Analysts at BofA Merrill Lynch increased the price target on shares of Intuitive Surgical, Inc (ISRG) to $550.00 from $460.00 following the announcement that the company received FDA approval of the da Vinci Xi Surgical System, and reiterated Buy rating on the stock.


“Based on our preliminary take and our view that this could be the first of a number of new systems launches over the next 12-18 months, we are increasing our 2015 estimates and raising our PO to $550.” BofA Merrill Lynch said

“Depending on what we learn at the SAGES meeting this week in Salt Lake, we may revise our preliminary thoughts. SAGES is the big general surgery meeting and ISRG plans to officially launch Xi to clinicians at this meeting. We are highly likely to learn much more about the Xi system at SAGES and we will be able to gauge physician response more thoroughly.” it added

Shares of Intuitive Surgical, Inc (ISRG) surged by 12.7 percent to close at $493.60 on Tuesday.

Cantor Fitzgerald Upgrades Netflix to Buy

Research analysts at Cantor Fitzgerald have upgraded their rating on Netflix (NFLX) from Hold to Buy and raised the price target on the stock from $405 to $425.


“We’re upgrading NFLX to BUY from HOLD and increasing our PT to $425 from $405 on stronger-than-expected 1Q:14 results and better 2Q:14 guidance. With international expansion firmly in place and profitability achieved ahead of expectations, with the prospects for an imminent launch in France and Germany, and a $1-2 price hike later this quarter across its geos, NFLX has gotten a lot more compelling with several catalysts in tow, in our view.” Cantor Fitzgerald said in a note to clients

“Subscriber growth metrics show that consumers’ appetite for the service remains strong even as Netflix’s penetration approached a third of all U.S. domestic households. The ~24% pullback from its recent high makes the stock a compelling buy again, in our view” it added

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Shares of Netflix (NFLX) closed at $348.49 on Monday.


Barclays Initiated Coverage on Omnicom Group Inc with an Overweight rating and price target at $85.


“The focus for Omnicom is around the proposed merger with Publicis. The combined Publicis Omnicom group could deliver an attractive 17% TSR for shareholders, and yet trades at a modest discount to its closest peer WPP on 2017E (first year of synergies and implementation costs drop out of the P&L). We continue to like the agency business model as well.” Barclays analysts said in a note


BofA Merrill Lynch – Maintains Buy, PT lowered to $43 from $44


Cowen & Co – Maintains Market-Perform,  PT raised to $32 from $29

Goldman Sachs – Maintains Buy rating and PT at $48

Nomura – Maintains Neutral rating and PT at $40

Stifel Nicolaus – Maintains Buy rating and PT at $49

Oppenheimer – Maintains Outperform, PT raised to $43 from $38

Raymond James – Maintains Outperform, PT raised to $42 from $38