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Intuitive Surgical's best days are behind it, says Northland Securities

Northland hosted a dinner with several high profile robotic surgery doctors and came away with the following observations that Urologists make more money by referring prostate cancer patients to a radiologist vs. performing a prostatectomy , Da Vinci systems are underutilized, and indicates are that two insurers are no longer reimbursing robotic surgery. The firm believes the best days are behind Intuitive Surgical and that the company will see multiple compression for years.