Mobileye Stock Drops After a Downgrade From JPMorgan

Key Takeaways JPMorgan downgraded Mobileye, citing concerns about the ramp up of its SuperVision driver-assistance system. The analysts lowered the rating to "underweight" and reduced the price target by $6 to $10. The bank's new price target is substantially below Wall Street's average, according to Visible Alpha data. Shares of Mobileye (MBLY) dropped Monday after JPMorgan downgraded the company, citing doubts about the growth prospects of its SuperVision driver-assistance system. The bank reduced its rat ...