Barclays Downgrades Ferrari to Equal-Weight
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Henning Cosman downgraded Ferrari (NYSE:RACE) from Overweight to Equal-Weight, indicating a change in the bank's outlook on the stock.

April 04, 2024 | 6:15 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Barclays analyst Henning Cosman downgraded Ferrari from Overweight to Equal-Weight, suggesting a more cautious outlook on the stock.
Analyst downgrades typically lead to a negative short-term reaction in the stock market as they suggest a less optimistic view on the company's future performance. Given the downgrade is from Overweight to Equal-Weight, it indicates a shift to a neutral stance, which could lead to a decrease in investor confidence and potentially a drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100