Bernstein Maintains Outperform on Ferrari, Raises Price Target to $512
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Stephen Reitman maintains an Outperform rating on Ferrari (NYSE:RACE) and raises the price target from $448 to $512.
April 18, 2024 | 11:35 am
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Bernstein raises Ferrari's price target to $512, maintaining an Outperform rating.
The increase in price target by a reputable analyst firm like Bernstein typically signals a strong bullish outlook on the stock, suggesting potential upside. This could lead to increased investor confidence and a positive short-term price movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100