Kepler Cheuvreux upgraded Ferrari (RACE) to Buy from Hold with an unchanged price target of EUR 470. The firm cites valuation for the upgrade following the recent share selloff. Ferrari offers exposure to a “unique client group largely immune to the current volatility,” the analyst tells investors in a research note.
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Read More on RACE:
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- Ferrari confirms 2025 targets with 50 point risk on margins
- JPMorgan Cuts GM, Ford and Ferrari Stock Price Targets on Tariffs
- Ferrari price target lowered to $460 from $525 at JPMorgan
- Analyst: This Luxury Stock Has Even More Appeal than Ferrari Stock (NYSE:RACE)
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