Exane BNP Paribas downgraded Mobileye to Underperform from Neutral with a $12 price target 2024 proved to bring a “major reset” for Mobileye, notes the firm, which now sees “another clearing-the-decks” event that sent its average FY25-FY27 sales and EBIT estimates 13% and 17%, respectively, below consensus.
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