Mobileye Falls As Morgan Stanley Cuts Price Target

By | January 14, 2016

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Mobileye (MBLY) had its price target lowered by Morgan Stanley, following an investor presentation by the auto safety technology company at the Detroit auto show. Morgan Stanley analyst Adam Jonas cut his price target on Mobileye to 57 from 80 but maintained an overweight rating. Mobileye stock was down more than 8%, near 31, in late morning trading in the stock market today. Earlier in the day the stock hit a low of 28.33. The report followed a Scalper1 News

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