Morgan Stanley thinks Intuitive Surgical’s (ISRG) Q1 report and detailed commentary on tariffs “represents a clearing event for the stock” and sees a “strong entry point to one of the best business models in MedTech.” Outside of tariffs, the base business is “in a strong place,” with procedures up 17% and utilization up 160 basis points year-over-year, adds the analyst, who has an Overweight rating and $650 price target on Intuitive shares.
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