Jefferies Maintains Hold on Ferrari, Raises Price Target to $300
Portfolio Pulse from richadhand@benzinga.com
Jefferies analyst Philippe Houchois maintains a Hold rating on Ferrari (NYSE:RACE) and raises the price target from $275 to $300.
August 25, 2023 | 8:42 am
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Jefferies analyst Philippe Houchois maintains a Hold rating on Ferrari and raises the price target from $275 to $300.
The news is directly related to Ferrari (RACE). The Hold rating indicates that the analyst believes the stock will perform approximately in line with the market in the near future. The increase in price target from $275 to $300 suggests that the analyst sees potential for the stock's price to increase, but this is not a strong buy signal.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100