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biocqr

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Friday, 10/12/2012 1:08:42 PM

Friday, October 12, 2012 1:08:42 PM

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Spencer Nam, ThinkEquity, LLC (10/9/12) "We reiterate our Buy rating and $640 price target on Intuitive Surgical Inc. ahead of the Q3/12 report on Tuesday, October 16th, after the market close; we expect Intuitive Surgical to exceed consensus revenues of $535.5M (Think: $536.8M) due to strength from systems placement. . . a check with a da Vinci key opinion leader (KOL) suggests to us that new technology upgrades are keeping the interest level on da Vinci high among surgeons and hospitals. . .we expect ~26% procedure volume growth."
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