Mobileye downgraded to Underweight from Equal Weight at Morgan Stanley

Morgan Stanley downgraded Mobileye to Underweight from Equal Weight with a price target of $25, down from $26. While the company’s leadership in computer vision creates option value for new content growth, a surprise slowdown in electric vehicle adoption limits its total addressable market through 2030 amid aggressive competition, the analyst tells investors in a research note. The firm believes Mobileye shares appear fully valued given its views on downside to consensus estimates.