InMode price target raised to $29 from $26 at Barclays

Barclays analyst Matt Miksic raised the firm’s price target on InMode (INMD) to $29 from $26 and keeps an Overweight rating on the shares post the Q4 report. The firm says the company delivered operating results slightly above the pre-release and announced another stock repurchase authorization to be completed by mid-year. While the upswing in InMode’s end markets has yet to begin, the stock is attractively valued, the analyst tells investors in a research note.