JP Morgan Downgrades Mobileye Global to Neutral, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
JP Morgan has downgraded Mobileye Global (NASDAQ:MBLY) from Overweight to Neutral and lowered its price target from $38 to $24.
July 31, 2024 | 11:17 am
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JP Morgan has downgraded Mobileye Global from Overweight to Neutral and reduced the price target from $38 to $24, indicating a less optimistic outlook.
The downgrade from Overweight to Neutral and the significant reduction in the price target from $38 to $24 by JP Morgan suggests a less favorable view on Mobileye Global's near-term performance. This is likely to negatively impact the stock price in the short term.
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RELEVANCE 100