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.
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Read More on RACE:
- Ferrari Updates Commercial Policy Amidst Import Tariff Concerns
- 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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