Intuitive Surgical EXCEEDS Q2 Estimates and 4 Stock Analyses Turning Heads
Chipotle Mexican Grill, Inc. (NYSE:CMG): According to Jefferies, Chipotle’s margins have probably peaked after its Q2 results, and the firm believes margins may be next. The firm keeps seeing a downside risk of possible inflation of commodities and labor pressure. The firm keeps its Underperform rating and a reduced price target of $305. Citigroup thinks that its long-term buy thesis for shares of Chipotle is still intact following the company’s reports of weaker than expected same-store-sales. Citi reduced its price target for shares to $468 from $490 after Chipotle’s Q2 results, but recommends using any pullback to buy the stock.
TripAdvisor Inc. (:TRIP): Piper Jaffray states that Google (NASDAQ:GOOG) Chief Business Officer Nikesh Arora mentioned last night at the company’s Q2 earnings call that advertising for travel online was “strong pretty much across the board in the US, UK and around the world.” Piper believes the comments are positive indicators for the company and keeps its Overweight rating on the shares.
Intuitive Surgical, Inc. (NASDAQ:ISRG): Although the company has Q2 results surpassing expectations and a total revenue guidance increase, investors will probably decrease positions in the name because of European weakness and a domestic prostatectomy procedure volumes decline. The firm thinks that though the issues could prohibit the stock range-bound, Intuitive Surgical’s growth is still on track. The firm keeps an Outperform rating on the stock, as it encourages investors to use current levels to add positions.
Align Technology Inc. (NASDAQ:ALGN) shares could open lower this morning because of its Q3 revenue outlook shortfall in relation to consensus. The firm recommends using any weakness to buy and it increases its price target from $34 to $36 on the stock.
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