Jun. 18 at 2:23 PM
Truist reiterated
$PRCT Buy-
$70.
$BSX $ISRG $MDT $TNDM SYK
Truist said in its note:
"We believe gdce continues to leave room for upside given mgmt. commentary (a) it's trying to be conservative (still early in yr) (b) healthy March utilization momentum is carrying over into April/May, and (c) CFO Waters continues to emphasize a high degree of confidence on capital pipeline leads as well as increasingly predictable capital conversions (helped by
more IDN placements).
Mgmt. sees handpiece gdce continuing to set-up for beat & raises, and the decision to exercise "restraint"---holding back a bigger initial raise following the 1Q handpiece upside---was made in this vein (to guide conservatively early in the year)."
