Mobileye shares are trading higher after UBS initiated coverage on the stock with a Buy rating and $48 price target.
Portfolio Pulse from Benzinga Newsdesk
UBS has initiated coverage on Mobileye with a Buy rating and a price target of $48. This has led to an increase in Mobileye's stock price.
September 13, 2023 | 3:03 pm
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Mobileye's stock price is trading higher following UBS's initiation of coverage with a Buy rating and a $48 price target.
The initiation of coverage by UBS, a major financial institution, with a Buy rating indicates a positive outlook for Mobileye. This has led to an increase in the company's stock price, suggesting that investors are reacting positively to the news. The price target of $48 also suggests that UBS believes the stock has significant upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100