BofA analyst Horst Schneider lowered the firm’s price target on Ferrari (RACE) to $481.67 from $521.17 and keeps a Buy rating on the shares. The firm, which lower its price objective and made “minor adjustments” to 2026 estimates while leaving longer-term forecasts intact, contends that Ferrari “remains a compelling Buy case” despite a “conservative” five-year outlook announced at its October Capital Markets Day.
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