Mobileye price target raised to $17 from $15 at Mizuho

Mizuho analyst Vijay Rakesh raised the firm’s price target on Mobileye (MBLY) to $17 from $15 and keeps a Neutral rating on the shares following the capital markets day. The potential announcement of new SuperVision win with a Japanese car marker and a Surround win with a European manufacturer in next two quarters were key takeaways, the analyst tells investors in a research note.