B of A Securities Downgrades Mobileye Global to Underperform, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst John Murphy has downgraded Mobileye Global (MBLY) from Neutral to Underperform and reduced the price target from $47 to $22.
January 04, 2024 | 4:45 pm
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NEGATIVE IMPACT
Mobileye Global's stock rating has been downgraded by B of A Securities from Neutral to Underperform, with a significant reduction in the price target from $47 to $22.
The downgrade by a major analyst like B of A Securities typically has a negative impact on the stock price in the short term as it reflects a bearish outlook on the company's future performance. The substantial decrease in the price target may also shake investor confidence and lead to a sell-off.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100