BUZZ-Mobileye jumps after Volkswagen partnership

Reuters

03-25

BUZZ-Mobileye jumps after Volkswagen partnership

** Shares of autonomous driving tech firm Mobileye MBLY.O rise 12.7% to $17.20 premarket

** Volkswagen Group VOWG.DE says it would collaborate with Mobileye MBLY.O as it deepens its network of suppliers to develop assisted and autonomous driving

** VW says MBLY will contribute towards camera, radar and mapping technologies for its autonomous vehicles

** 15 out of 28 brokerages rate the stock "buy" or higher, 11 rate "hold", 2 rate "sell" and their median PT is $19 as per data compiled by LSEG

** As of last close, MBLY stock down 51% in the past 12 months

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com;))

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