Jefferies Assumes Ferrari at Hold, Lowers Price Target of $403
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst James Grzinic assumes coverage on Ferrari (NYSE:RACE) with a Hold rating and lowers the price target to $403.

May 10, 2024 | 1:16 pm
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Jefferies analyst James Grzinic has initiated coverage on Ferrari with a Hold rating and reduced the price target to $403, indicating a cautious outlook on the stock.
The initiation of coverage by a major analyst with a Hold rating and a lowered price target suggests a neutral to slightly cautious outlook on Ferrari's stock. This could lead to a short-term stabilization or slight negative pressure on the stock price as investors digest the implications of the new price target and Hold rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100