Canaccord lowered the firm’s price target on Mobileye (MBLY) to $17 from $24 and keeps a Buy rating on the shares. The firm updated its model following Q1 results and noted the company provided a steady cadence of updates across its core pillars: Surround ADAS, SuperVision, Chauffeur, and Drive. This wasn’t a quarter of radical breakthroughs, but rather one of updates on execution.
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