Morgan Stanley Maintains Overweight on Ferrari, Maintains $400 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas maintains an Overweight rating on Ferrari (NYSE:RACE) with a $400 price target, indicating a positive outlook on the stock.

April 22, 2024 | 5:21 pm
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Morgan Stanley reaffirms an Overweight rating on Ferrari with a $400 price target, suggesting confidence in the company's future performance.
The maintenance of an Overweight rating and a high price target by a reputable analyst like Adam Jonas from Morgan Stanley typically signals a strong bullish stance on the stock. This endorsement can positively influence investor sentiment and potentially drive the stock price up in the short term, especially if the market aligns with Jonas's analysis.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100