Evercore ISI Group Maintains Outperform on Ferrari, Raises Price Target to $465
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Michael Binetti maintains an Outperform rating on Ferrari (NYSE:RACE) and raises the price target from $430 to $465.
April 22, 2024 | 10:57 am
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Evercore ISI Group has maintained an Outperform rating on Ferrari and increased the price target from $430 to $465.
The increase in Ferrari's price target by a reputable analyst group like Evercore ISI suggests a strong bullish sentiment towards the company's stock. This adjustment reflects positive expectations for Ferrari's future performance, which could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100