Why Mobileye (MBLY) Stock is Falling In Pre-Market Trading Today

NEW YORK (TheStreet) -- Shares of Mobileye N.V. (MBLY)  are falling 2.65% to $55.10 in pre-market trading after the collision-avoidance technology company was downgraded to "hold" from "buy" at Deutsche Bank (DB) this morning.

The firm cited valuation following the recent rally of the stock and said they have a very favorable view on the company's long-term prospects.

Analysts at Deutsche Bank kept its $53 price target on the shares.

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MBLY Chart MBLY data by YCharts

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