Raymond James Downgrades Mobileye Global to Outperform, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Brian Gesuale has downgraded Mobileye Global (MBLY) from Strong Buy to Outperform, also reducing the price target from $50 to $48.
January 03, 2024 | 1:39 pm
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Mobileye Global was downgraded by Raymond James from Strong Buy to Outperform, with a price target cut from $50 to $48.
Downgrades typically lead to negative sentiment among investors, potentially causing a short-term decline in stock price. The reduction in price target may also suggest lower expected future performance, influencing investor outlook.
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