CLSA Initiates Mobileye At Buy

CLSA initiated coverage on Mobileye NV MBLY with a Buy rating. The target price for Mobileye is set to $67. Mobileye shares have dropped 25.38 percent over the past 52 weeks, while the S&P 500 index has surged 7.73 percent in the same period. Mobileye shares climbed 1.77 percent to $54.00 in after-hours trading.