Mobileye upgraded to Equal Weight from Underweight at Morgan Stanley

Morgan Stanley upgraded Mobileye to Equal Weight from Underweight with a price target of $18, down from $25. The analyst says Mobileye is a “high-quality asset navigating a challenging time.” Low investor sentiment as well as core business and strategic value create more balanced risk/reward for the shares, the analyst tells investors in a research note. The firm believes consensus estimates have been reset upon this earnings release, with SuperVision expectations “now be sufficiently revised downward.”