Mobileye downgraded to Hold from Buy at Berenberg

Berenberg analyst Michael Filatov downgraded Mobileye (MBLY) to Hold from Buy with a price target of $10.80, up from $9.30. The shares are up 47% since Berenberg’s initiation on March 31, the analyst tells investors in a research note. The firm believes Mobileye’s near-term risk-reward is now more balanced. Berenberg still sees several potential positive catalysts for the stock but says timing remains uncertain.