Mobileye shares are trading higher after Wells Fargo initiated coverage on the stock with an Overweight rating and a $50 price target.
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo initiated coverage on Mobileye with an Overweight rating and a $50 price target, leading to higher trading of the stock.
May 25, 2023 | 12:29 pm
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POSITIVE IMPACT
Mobileye's stock price is likely to increase in the short term due to Wells Fargo's Overweight rating and $50 price target.
The Overweight rating and $50 price target from Wells Fargo indicate a positive outlook for Mobileye's stock. This news is likely to attract more investors, driving the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100