Analysts at Raymond James on Monday downgraded car technology company Mobileye N.V. to "market perform" on valuation. "We continue to believe Mobileye is well-positioned to benefit from increasing [advance driver assistance systems] adoption rates and the ultimate realization of an autonomous driving future. However, after rallying more than 100% from its IPO price of $25 in less than three months, we believe a Market Perform rating is appropriate at this time," the analysts said. Shares of Israel-based Mobileye, which started trading Aug. 1, were off 1.8% on Monday.
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