Mobileye falls as RBC downgrades stock to Underperform on growth risks

Investing.com -- Mobileye Global Inc (NASDAQ:MBLY) shares slipped 4.1% in premarket trading on Wednesday following a rating downgrade from RBC Capital, which cited structural vulnerabilities in the company's core business model. RBC Capital analyst Tom Narayan reduced his rating on the autonomous driving technology provider from Sector Perform to Underperform while lowering his price target to $5.00 from $7.00.