Deutsche sees remanufactured instrument risk for Intuitive Surgical

Deutsche Bank says the firm’s channel checks suggest “broad and growing interest” in cheaper remanufactured instruments at robotics programs. Intuitive’s instruments and accessories franchise, which represents 60% of its total sales, are at risk by remanufactured da Vinci instruments over the next few years, the analyst tells investors in a research note. Deutsche expects “significant and growing engagement” with remanufacturers by larger hospital systems. It keeps a Sell rating on Intuitive Surgical (ISRG) shares with a $440 price target