Erste Group downgraded Intuitive Surgical (ISRG) to Hold from Buy on Friday. Erste Group expects Intuitive Surgical’s sales and profits to increase in 2025, but believes that the introduction of tariffs on products from Mexico by the U.S. will have a negative impact on the group’s earnings situation, as a large proportion of the instruments are currently manufactured in Mexico, the analyst tells investors in a research note. The share price is currently being weighed down by the increased uncertainty surrounding U.S. customs policy, the firm argues.
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