Morgan Stanley Maintains Overweight on Ferrari, Raises Price Target to $350
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas has maintained an Overweight rating on Ferrari (NYSE:RACE) and raised the price target from $340 to $350.

November 03, 2023 | 12:53 pm
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Morgan Stanley has maintained an Overweight rating on Ferrari and raised the price target from $340 to $350, which could positively impact the stock.
The Overweight rating maintained by Morgan Stanley indicates a positive outlook for Ferrari. The increase in the price target from $340 to $350 suggests that the analyst sees further upside potential for the stock, which could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100