Jefferies Downgrades InMode to Hold, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Matthew Taylor has downgraded InMode (NASDAQ:INMD) from Buy to Hold and lowered the price target from $21 to $19.
July 23, 2024 | 10:39 am
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Jefferies analyst Matthew Taylor downgraded InMode from Buy to Hold and reduced the price target from $21 to $19, indicating a less optimistic outlook for the stock.
The downgrade from Buy to Hold and the reduction in the price target suggest that Jefferies sees less upside potential for InMode in the near term. This could lead to a negative sentiment among investors, potentially causing a short-term decline in the stock price.
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