Morgan Stanley Maintains Market Perform on Ferrari, Raises Price Target to $300
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas has maintained a Market Perform rating on Ferrari (NYSE:RACE) and raised the price target from $250 to $300.
August 18, 2023 | 2:03 pm
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POSITIVE IMPACT
Morgan Stanley has maintained a Market Perform rating on Ferrari and raised the price target from $250 to $300. This could potentially lead to an increase in the stock's price.
The increase in price target by a reputable financial institution like Morgan Stanley indicates a positive outlook for the stock. This could potentially lead to an increase in the stock's price as it signals to investors that the stock is undervalued at its current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100