Mobileye price target raised to $32 from $31 at Piper Sandler

Piper Sandler analyst Alexander Potter raised the firm’s price target on Mobileye to $32 from $31 and keeps a Neutral rating on the shares. Mobileye’s Q1 earnings call was relatively straightforward, with management providing an intra-quarter update, the analyst tells investors in a research note. The firm would prefer owning Mobileye after P&L exposure broadens beyond a small handful of Chinese manufacturers.