Canaccord Genuity analyst Caitlin Cronin has downgraded InMode Ltd (NASDAQ:INMD) to Hold from Buy and lowered the price target to $22 from $55. This follows InMode's Q3 preliminary results and a lowered FY23 outlook. The company expects Q3 revenue of $122.8 million-$123.0 million and adjusted EPS of $0.59-$0.60. For FY23, INMD lowered revenue guidance to $500 million-$510 million from $530 million-$540 million. Cronin cites challenging economics and financing pressures as reasons for the downgrade.