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Fly News Breaks for November 6, 2019
Nov 6, 2019 | 09:04 EDT
Barclays analyst Jack Meehan raised his price target for InMode to $45 from $27 saying the company delivered "exactly the type of quarter which was necessary given how strong shares have been" since the initial public offering. Given InMode's "commercial traction and growth trajectory," the analyst is now giving the company more credit for its "superior" margin profile and cash generation. InMode shares still have some room left to run with execution of the strategy, Meehan tells investors in a research note. He keeps an Overweight rating on the name.