Ferrari price target raised to EUR 310 from EUR 300 at Jefferies

Jefferies raised the firm’s price target on Ferrari (RACE) to EUR 310 from EUR 300 and keeps a Hold rating on the shares following the release of the company’s FY25 earnings and FY26 guidance. The firm noted that investor reaction to the report was “enthusiastic,” as Ferrari guided to ex-currency growth of at least 8%, with an average selling price impetus, on flattish volumes, at “very strong levels.”