Morgan Stanley Upgrades Mobileye Global to Equal-Weight, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas has upgraded Mobileye Global (NASDAQ:MBLY) from Underweight to Equal-Weight and lowered the price target from $25 to $18.
August 02, 2024 | 11:10 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Morgan Stanley has upgraded Mobileye Global from Underweight to Equal-Weight but lowered the price target from $25 to $18. This mixed signal may create short-term volatility in the stock price.
The upgrade from Underweight to Equal-Weight is a positive signal, indicating improved sentiment. However, the lowered price target from $25 to $18 suggests caution about future growth prospects. These mixed signals could lead to short-term volatility in MBLY's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100