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 31, 2023 | 1:25 pm
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Morgan Stanley has reiterated an Overweight rating on Ferrari, maintaining a price target of $340.
The reiteration of an Overweight rating by Morgan Stanley indicates a positive outlook for Ferrari's stock. The maintained price target of $340 suggests that the analyst believes the stock has significant upside potential. This could lead to increased investor interest and potentially a rise in the stock's price in the short term.
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