Why Intuitive Surgical Stock Tumbled Today
Intuitive Surgical (NASDAQ: ISRG), maker of the popular da Vinci robotic surgical devices, wasn't a popular name on the stock market Monday. The company's shares fell nearly 4% on the day, a steeper decline than that of the S&P 500, due to an analyst downgrade.
The downgrading analyst was Citigroup prognosticator Joanne Wuensch, who cut her recommendation to neutral from a buy, while maintaining a price target of $1,100 per share. That level, however, still presents some potential upside on the stock, which closed Monday at just over $970.
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Source Fool.com