Morgan Stanley Reiterates Overweight on Ferrari, Maintains $340 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas has reiterated an Overweight rating on Ferrari (NYSE:RACE) and maintained a price target of $340.
July 17, 2023 | 1:34 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Morgan Stanley has reiterated an Overweight rating on Ferrari, maintaining a price target of $340. This could potentially boost investor confidence in the stock.
The reiteration of an Overweight rating by a major financial institution like Morgan Stanley indicates a positive outlook for Ferrari's stock. The maintained price target of $340 suggests that the analyst believes the stock is still undervalued, which could lead to increased buying pressure and a potential rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100