Mobileye price target raised to $37 from $31 at Canaccord

Canaccord analyst George Gianarikas raised the firm’s price target on Mobileye to $37 from $31 and keeps a Buy rating on the shares. The firm noted the company started the year with a big inventory pile-up which it says has masked what they estimate is a tangible inflection in OEM interest in Mobileye’s advanced autonomy Supervision and Chauffeur solutions; and they believe th dam is about to break.