BofA analyst Horst Schneider lowered the firm’s price target on Ferrari (RACE) to EUR 360 from EUR 415 and keeps a Buy rating on the shares. The firm cites slightly lower estimates, a lower estimated terminal growth rate and adding LVMH (LVMUY) as a peer set to reflect heightened investor skepticism toward the stock for its lowered price target.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RACE:
- Ferrari Expands Treasury Stake as €3.5 Billion Buyback Program Gains Pace
- Ferrari Updates on First Tranche of €3.5 Billion Share Buyback Program
- Porsche Stock Records Worst Week Ever as 10% Weekly Loss Marks a New Post-IPO Low
- Ferrari Sets 2026 Financial Results and AGM Schedule
- Ferrari downgraded to Hold from Buy at HSBC