RBC says Mobileye slides suggest close to nomination for Japanese OEM

RBC Capital notes that Mobileye (MBLY) released slides as part of its investor event in Munich, Germany and tells investors that the firm views one of these slides as suggesting that the company could be “close to a nomination for a Japanese OEM.” A previous slide indicates that the next to nomination stage says “2-3 months,” notes the firm, which also points out that the slides point to a European OEM the company could be close to a nomination for Surround ADAS. A U.S. OEM is noted as within the negotiation and decision-making step, which comes before the nomination step, added RBC, which has a Sector Perform rating and $11 price target on Mobileye shares.