Morgan Stanley Raises ISRG Guidance

Morgan Stanley has issued a report raising its guidance for Intuitive Surgical ISRG following its strong quarter results. According to the report, "Intuitive adjusted its 2011 annual guidance, reflecting outperformance vs. expectations in 1H11. Positive adjustments for revenue, procedure, and tax rate all contributed to increasing the mid-point of implied guidance by $0.30, from $11.01 to $11.31." ISRG has an Equal-Weight Rating and closed at $374.90 a share yesterday.