UBS Downgrades Mobileye Global to Neutral, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joseph Spak has downgraded Mobileye Global (NASDAQ:MBLY) from Buy to Neutral and reduced the price target from $20 to $14.
October 04, 2024 | 1:52 pm
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UBS analyst Joseph Spak downgraded Mobileye Global from Buy to Neutral, reducing the price target from $20 to $14, indicating a less optimistic outlook.
The downgrade from Buy to Neutral by UBS, along with a significant reduction in the price target, suggests a less favorable view of Mobileye's short-term prospects. This is likely to negatively impact the stock price as investors react to the revised outlook.
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