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Needham starts Mobileye at Buy

Dec. 01, 2016 8:51 AM ETMobileye (MBLY-OLD) StockMBLY-OLDBy: Yoel Minkoff, SA News Editor5 Comments
  • Mobileye (NYSE:MBLY) +1.8% premarket after Needham initiated coverage on the stock with a Buy rating and $55 price target.
  • MBLY has a significant first mover advantage, according to the firm, and is well positioned to benefit from the "inevitable" transition to semi-autonomous and eventually fully-autonomous vehicles.

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