Morgan Stanley Maintains Overweight on Ferrari, Raises Price Target to $520
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas has maintained an Overweight rating on Ferrari (NYSE:RACE) and raised the price target from $400 to $520.
August 27, 2024 | 12:19 pm
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POSITIVE IMPACT
Morgan Stanley has increased its price target for Ferrari from $400 to $520, maintaining an Overweight rating. This suggests a positive outlook for Ferrari's stock.
The increase in price target from $400 to $520 by a reputable analyst at Morgan Stanley indicates a strong positive sentiment towards Ferrari's future performance. The Overweight rating suggests that the stock is expected to outperform the market, which is likely to lead to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100