Bernstein Maintains Market Perform on Ferrari, Raises Price Target to $300
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Arndt Ellinghorst maintains a Market Perform rating on Ferrari (NYSE:RACE) and raises the price target from $250 to $300.
August 18, 2023 | 2:04 pm
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POSITIVE IMPACT
Bernstein analyst maintains a Market Perform rating on Ferrari and raises the price target from $250 to $300.
The raised price target indicates the analyst's increased confidence in Ferrari's future performance. This could potentially lead to increased investor confidence and a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100