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Mobileye Is Auto Industry's 'White Knight,' According To Citi

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Citi’s Itay Michaeli believes that Mobileye NV MBLY 4.29% has the potential to “gradually position itself as the core operating system for autonomous vehicles.”

The analyst reiterated a Buy rating on the company, with a price target of $66.

Following a meeting with the company’s senior management, Michaeli expressed increased confidence in Mobileye’s long-term story.

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