Morgan Stanley lowered the firm’s price target on Mobileye to $26 from $35 and keeps an Equal Weight rating on the shares. The firm notes that following the company’s Q4 results and its discussions with the management, it is further reducing its top-line forecasts for Mobileye, also stating that it is “remaining cautious” on SuperVision adoption during a highly uncertain time for the company’s OEM customers, the analyst tells investors in a research note.
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Read More on MBLY:
- Intel price target raised to $48 from $39 at Morgan Stanley
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- Mobileye price target lowered to $35 from $38 at TD Cowen
