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 24, 2023 | 1:16 pm
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Morgan Stanley has reiterated an Overweight rating on Ferrari, indicating a positive outlook for the company's stock. The price target remains at $340.
The Overweight rating from Morgan Stanley suggests that they expect Ferrari's stock to outperform the market in the near future. The maintained price target of $340 indicates that they believe the stock is currently undervalued. This could lead to increased investor interest and a potential rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100