Intuitive Surgical price target raised to $600 from $590 at Baird

Baird raised the firm’s price target on Intuitive Surgical (ISRG) to $600 from $590 and keeps an Outperform rating on the shares. The firm is surprised by the limited share rally post earnings last night, saying Intuitive posted its highest operating margin in the last 15 quarters on top of a Q2 that brought “stellar” revenue and earnings growth. Baird remains a buyer of the stock. The company’s key performance indicators “continue to fire on all cylinders.”