RBC Capital raised the firm’s price target on Mobileye (MBLY) to $54 from $53 and keeps an Outperform rating on the shares. The analyst notes the firm’s meetings with the company’s management while citing its indication that Mobileye was far along in discussions with 10 OEMs on its SuperVision and also had “meaningful discussions” with an additional 4 OEMs. Mobileye’s partnership with Volkswagen (VWAGY) is also “very meaningful”, the firm added.
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