UBS lowered the firm’s price target on Ferrari (RACE) to $520 from $584 and keeps a Buy rating on the shares. The firm notes Ferrari’s “unique” business model.
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Read More on RACE:
- Barclays downgrades European autos sector to Negative on tariff risk
- Ferrari (NYSE:RACE) Gathers Admiring Glances on Wall Street
- Ferrari (NYSE:RACE) Jacks Up Prices 10% in Response to Auto Tariffs
- Ferrari upgraded to Buy from Hold at Kepler Cheuvreux
- Ferrari upgraded to Overweight from Equal Weight at Barclays