Ferrari upgraded to Overweight from Equal Weight at Barclays

Barclays upgraded Ferrari (RACE) to Overweight from Equal Weight with an unchanged price target of EUR 485. The company confirmed its guidance, despite the latest 25% U.S tariffs on foreign car imports, which underscores its “unique resilience/safe-haven status,” the analyst tells investors in a research note. The firm believes the down 20% share drop since February 14 offers a good entry point.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue