Mobileye Rising: Raymond James, Citi Pound the Tablet after Negative Citron Piece

By Tiernan Ray Shares of embedded camera sensor maker Mobileye (MBLY) are up 37 cents, or 0.8%, at $46.40, bouncing back from a sell-off last week sponsored by scathing remarks from short-selling shop Citron Research, helped today by a couple of bullish notes from the sell side. Citron’s piece last week claimed “There is NOTHING in the past or present financials, business performance or realistic future technology prospects of Mobileye that would get it within miles of justifying its current $12 billion market cap,” and that the stock is on its way to $10. Coming to the stock’s defense this morning is Raymond James’s Tavis McCourt, who reiterates an Outperform rating on the stock, writing that a requirement by the U.S. Department of Transportation is good news for the company’s Writes…


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