Mobileye resumed with an Equal Weight at Morgan Stanley

Morgan Stanley analyst Adam Jonas resumed coverage of Mobileye with an Equal Weight rating and $34 price target. The company’s Q2 SuperVision sales may have limited upside given the inventory backlog, the analyst tells investors in a research note. In addition, the uncertain macro situation, specifically within the China electric vehicle sector, could prevent Mobileye from raising expectations into the back half of the year, says the firm.