Mobileye Global shares are trading lower after RBC Capital downgraded the stock from Outperform to Sector Perform and Barclays cut its price target from $27 to $19.
Portfolio Pulse from Benzinga Newsdesk
Mobileye Global shares are experiencing a decline following a downgrade by RBC Capital from Outperform to Sector Perform, and a price target reduction by Barclays from $27 to $19.
October 15, 2024 | 7:46 pm
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Mobileye Global's stock is under pressure due to a downgrade by RBC Capital and a price target cut by Barclays, indicating potential challenges ahead.
The downgrade from RBC Capital and the significant price target reduction by Barclays suggest a negative outlook for Mobileye Global, likely leading to a short-term decline in stock price. Such analyst actions often influence investor sentiment and can result in selling pressure.
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