March 15, 2013
09:00 EDT ISRG
theflyonthewall: ACOG issued warning about Intuitive Surgical product, says Northland Securities
After the President of the American Congress of Obstetricians and Gynecologists, Dr. James Breeden, issued a statement on robotic-assisted surgery in hysterectomies yesterday, Northland Securities believes Breenden was attempting to issue a warning about overuse of Intuitive Surgical's da Vinci product for hysterectomies due to aggressive marketing and unsubstantiated clinical claims.
The firm sets a $400 price target and Underperform rating on the stock.