JP Morgan Downgrades Mobileye Global to Underweight, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Samik Chatterjee has downgraded Mobileye Global (NASDAQ:MBLY) from Neutral to Underweight and reduced the price target from $16 to $10.
October 07, 2024 | 1:52 pm
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JP Morgan has downgraded Mobileye Global to Underweight and lowered its price target to $10, indicating a negative outlook on the stock.
The downgrade from Neutral to Underweight by a major financial institution like JP Morgan suggests a lack of confidence in Mobileye's near-term performance. The significant reduction in the price target from $16 to $10 further indicates a bearish outlook, likely leading to a negative impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100