RBC lowered its view of Mobileye from Sector Perform to Underperform and cut its share target from $7 per share to $5 per share. This signals less confidence in MBLY, though the story gives no new sales or profit results.
This is a warning from one investment firm, not a report of a change in Mobileye's sales or products. Still, RBC's lower rating and share target show less confidence in the shares, making the news negative for MBLY.
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