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Fly News Breaks for February 23, 2017
MBLY
Feb 23, 2017 | 07:51 EDT
Baird analyst David Leiker said he remains a buyer of Mobileye shares as he believes its long-term business case has been validated by the company's recent achievements. The analyst cited collaborations with OEMs/suppliers, data sharing agreements for real-time mapping, and validation of its software expertise paving the runway to $1.1B in revenues by 2019. Leiker reiterated his Outperform rating and raised his price target to $64 from $61 on Mobileye shares.
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