Mobileye shares are trading lower. Citigroup maintained a Buy rating on the stock but lowered its PT to $53. Last week, Morgan Stanley downgraded the stock from Equal-Weight to Underweight and lowered its price target from $26 to $25.
Portfolio Pulse from Benzinga Newsdesk
Mobileye's stock is trading lower after Citigroup maintained a Buy rating but reduced its price target to $53. Additionally, Morgan Stanley downgraded Mobileye from Equal-Weight to Underweight and lowered its price target from $26 to $25 last week.
April 29, 2024 | 6:17 pm
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NEGATIVE IMPACT
Mobileye's stock is experiencing downward pressure following a reduction in price target by Citigroup and a downgrade by Morgan Stanley.
The reduction in Mobileye's price target by Citigroup and the downgrade by Morgan Stanley are significant negative signals to investors, likely leading to a decrease in stock price in the short term. These analyst actions can impact investor sentiment and stock valuation.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100