Mobileye price target raised to $19 from $15 at TD Cowen

TD Cowen raised the firm’s price target on Mobileye (MBLY) to $19 from $15 and keeps a Buy rating on the shares. The firm said following material cuts earlier this year they welcome stability to results and guide. Continued progress on engagements with key customers are a positive but proof of tangible incremental wins with advanced products and more evidence of stabilized core-ADAS will be key.