Canaccord Genuity Downgrades InMode to Hold, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Kyle Rose has downgraded InMode (NASDAQ:INMD) from Buy to Hold and lowered the price target from $55 to $22.

October 13, 2023 | 10:24 am
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InMode has been downgraded from Buy to Hold by Canaccord Genuity, and its price target has been lowered from $55 to $22.
The downgrade from Buy to Hold indicates a less optimistic outlook for the company's stock, which could lead to a decrease in demand and potentially a lower stock price. The lowering of the price target from $55 to $22 also suggests that the analyst believes the stock is overvalued at its current price, which could further discourage investment.
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