Exane BNP Paribas Downgrades Ferrari to Neutral
Portfolio Pulse from Benzinga Newsdesk
Exane BNP Paribas analyst Giulio Pescatore has downgraded Ferrari (NYSE:RACE) from Outperform to Neutral, indicating a change in the firm's outlook on the stock.

December 13, 2023 | 11:28 am
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NEUTRAL IMPACT
Ferrari has been downgraded by Exane BNP Paribas from Outperform to Neutral, which may influence investors' perception of the stock.
Downgrades by analysts can lead to a mixed reaction in the market. While some investors may sell off based on the downgrade, others may hold if they believe in the company's fundamentals. The neutral rating suggests a lack of strong positive or negative catalysts in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100