BNP Paribas Exane upgraded Mobileye (MBLY) to Neutral from Underperform ahead of the Q1 report. The stock in premarket trading is up 5% to $12.70. Mobileye does not manufacture any of its own chips and has “significantly higher” gross margins versus peers, the analyst tells investors in a research note. The firm says the impact of tariffs on the company can be largely limited to lower production volumes, while its pact with Volkswagen can continue to support growth.
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