TD Cowen Starts Intuitive Surgical Coverage With Buy, Sees DA Vinci 5 Cycle Driving Growth
TD Cowen opened coverage of Intuitive Surgical (NASDAQ:ISRG) with a Buy rating and a $660 price target, reflecting roughly 25% upside from the stock's $528.82 level. The firm's thesis centers on expected momentum from a new DaVinci 5 (DV5) product cycle, supported by proprietary survey data showing fleet expansion and procedure growth. Recent compa…