UBS Downgrades InMode to Neutral, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Danielle Antalffy has downgraded InMode (NASDAQ:INMD) from Buy to Neutral and lowered the price target from $52 to $24.
November 03, 2023 | 10:41 am
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InMode's stock rating has been downgraded by UBS from Buy to Neutral, and its price target has been lowered from $52 to $24.
The downgrade from Buy to Neutral by UBS indicates a less optimistic outlook for InMode's stock. The significant reduction in the price target from $52 to $24 suggests that UBS expects a decrease in InMode's stock price in the short term. This could potentially lead to a negative impact on the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100