UPDATE: Morgan Stanley Reiterates On Mobileye NV On Operationally Flawless Quarter

Courtesy of Benzinga.

In a report published Thursday, Morgan Stanley analyst Ravi Shanker reiterated an Overweight rating on Mobileye NV (NYSE: MBLY), but removed the $50.00 price target.

In the report, Morgan Stanley noted, “As expected, 3Q was relatively uneventful, with a revenue driven op.beat offset by financing expenses. Behind the scenes, however, mgmt. reported that they had ‘successfully won programs…in several new models with new and existing OEM customers’. This is the only thing that matters at this stage.”

Mobileye NV closed on Wednesday at $46.75.

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