JP Morgan Upgrades Ferrari to Overweight, Raises Price Target to $525
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Ryan Brinkman has upgraded Ferrari (NYSE:RACE) from Neutral to Overweight and increased the price target from $385 to $525.
October 11, 2024 | 12:12 pm
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POSITIVE IMPACT
JP Morgan has upgraded Ferrari to Overweight and increased its price target to $525, indicating a positive outlook on the stock.
The upgrade from Neutral to Overweight by JP Morgan suggests increased confidence in Ferrari's performance, likely leading to positive investor sentiment and potential stock price increase. The significant raise in price target further supports this positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100