UPDATE: Bank Of America Raises PT On Intuitive Surgical On Bullish Growth Outlook

In a report published Friday, Bank of America analyst Bob Hopkins reiterated a Buy rating on Intuitive Surgical, Inc. (NASDAQ: ISRG), and raised the price target from $550.00 to $600.00.

In the report, Bank of America noted, “In this note we highlight our updated procedure volume growth model with a focus on Q4 & 2015. Procedure volume growth should accelerate in 2015; 15% growth not out of the question. Volume growth the most important value creator for ISRG; raising PO to $600.”

Intuitive Surgical closed on Wednesday at $528.94.