Mobileye resumed with a Hold at Deutsche Bank

Deutsche Bank resumed coverage of Mobileye with a Hold rating and $15 price target. The analyst the company as a “show me” story until the business stabilizes and growth trajectory “properly inflects.” While Mobileye is a secular winner, the company has been digesting a “massive inventory build this year and is grappling with a very volatile Chinese market,” the analyst tells investors in a research note.