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RACE

Ferrari

$53.32

-0.52 (-0.97%)

07:28
10/12/16
10/12
07:28
10/12/16
07:28

Ferrari price target raised to $60 from $53 at UBS

UBS analyst Michael Binetti raised his price target on Ferrari to $60 from $53 and raised Q3 estimates based on a strong pipeline update at the recent Paris auto show. The analyst cited the new Aperta supercar launch, a premium priced limited series for next year's 70th anniversary, and the long 488 wait list. Binetti feels the company has pricing power and views the potential for price increases to be a key source of EBITDA upside. Binetti reiterated his Buy rating on Ferrari shares.

RACE Ferrari
$53.32

-0.52 (-0.97%)

12/07/15
12/07/15
INITIATION

On the Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Advanced Accelerator (AAAP) initiated with an Outperform at JMP Securities...Akebia (AKBA) initiated with a Buy at H.C. Wainwright...CalAmp (CAMP) initiated with a Buy at Chardan...Emerge Energy (EMES) initiated with a Buy at DA Davidson...Energous (WATT) initiated with a Buy at Ladenburg...Enviva (EVA) coverage resumed with an Outperform at RBC Capital...Equity Bancshares (EQBK) initiated with an Overweight at Stephens...Fairmount Santrol (FMSA) initiated with a Buy at DA Davidson...Ferrari (RACE) initiated with an Overweight at Morgan Stanley...Match Group (MTCH) initiated with an Outperform at Wells Fargo...Motorola Solutions (MSI) initiated with a Hold at Jefferies...Potash (POT) reinstated with an Underperform at BofA/Merrill...Rose Rock Midstream (RRMS) initiated with a Market Perform at Wells Fargo...STORE Capital (STOR) initiated with an Overweight at Capital One...SemGroup (SEMG) initiated with an Outperform at Wells Fargo...Sorrento Therapeutics (SRNE) assumed with a Buy at H.C. Wainwright...Teva (TEVA) initiated with a Buy at Mizuho...U.S. Silica (SLCA) initiated with a Buy at DA Davidson...Voyager Therapeutics (VYGR) initiated with an Outperform at Cowen...Voyager Therapeutics initiated with an Overweight at Piper Jaffray...Wave Life Sciences (WVE) initiated with a Buy at Jefferies.
01/20/16
SBSH
01/20/16
INITIATION
SBSH
Neutral
Ferrari initiated with a Neutral at Citi
Citi analyst Michael Tyndall started Ferrari with a Hold rating and price target of EUR 37.
01/29/16
UBSW
01/29/16
NO CHANGE
Target $52
UBSW
Buy
Ferrari price target lowered to $52 from $60 at UBS
UBS lowered its price target on Ferrari to $52 from $60, citing current market volatility, decelerating spending among high -income consumers, foreign exchange headwinds and technical overhangs. UBS believes Q4 results could ease investors concerns and thus maintains its Buy rating on Ferrari shares.
02/03/16
MSCO
02/03/16
NO CHANGE
Target $56
MSCO
Overweight
Ferrari named a Top Pick in US autos at Morgan Stanley
Morgan Stanley analyst Adam Jones named Ferrari a Top Pick in US autos and reiterated his Overweight rating and $56 price target on shares. Jones said Q4 revenues were modestly below expectations while FY16 EBITDA outlook was approximately 5% below his forecast. Despite the soft guidance, the analyst said his thesis remains firmly intact and notes Ferrari controls its own destiny more than any other auto company with a highly defensible business, modest top line growth prospects, and limited exposure to China.

TODAY'S FREE FLY STORIES

LLY

Eli Lilly

$68.22

2.25 (3.41%)

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    Dec

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P

Pandora

$12.90

1.4152 (12.33%)

, SIRI

Sirius XM

$4.56

-0.015 (-0.33%)

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Pandora advisers said to talk to possible suitors, Bloomberg says »

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P

Pandora

$12.90

1.4152 (12.33%)

SIRI

Sirius XM

$4.56

-0.015 (-0.33%)

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OIBR

Oi S.A.

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Oi could scrap restriction on debt-for-equity swap, Reuters says »

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PVTB

PrivateBancorp

$48.78

2 (4.28%)

, CM

CIBC

$81.64

0.26 (0.32%)

14:41
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Alpine Associates opposes PrivateBancorp's acquisition by CIBC »

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PVTB

PrivateBancorp

$48.78

2 (4.28%)

CM

CIBC

$81.64

0.26 (0.32%)

KRE

SPDR S&P Regional Banking ETF

$53.05

-0.415 (-0.78%)

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  • 08

    Dec

BPMX

BioPharmX

$0.38

0.0729 (23.52%)

14:38
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Breaking Hot Stocks news story on BioPharmX »

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CELG

Celgene

$118.87

0.36 (0.30%)

14:37
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Celgene agrees to complete acquisition of Acetylon »

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  • 03

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KVHI

KVH Industries

$10.85

-0.05 (-0.46%)

14:35
12/02/16
12/02
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KVH Industries names Donald Reilly CFO »

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GWPH

GW Pharmaceuticals

$109.28

-2.37 (-2.12%)

14:35
12/02/16
12/02
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Options
GW Pharmaceuticals put volume heavy and directionally bearish »

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  • 02

    Dec

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IWM

iShares Trust Russell 2000 Index Fund

$130.69

-0.28 (-0.21%)

, RUT

Russell 2000 Index

14:23
12/02/16
12/02
14:23
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14:23
Technical Analysis
On The Fly: Weekly technical notes for the Russell 2000 »

The index at time of…

IWM

iShares Trust Russell 2000 Index Fund

$130.69

-0.28 (-0.21%)

RUT

Russell 2000 Index

03/08/13
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MHK

Mohawk

$189.72

-1.76 (-0.92%)

14:21
12/02/16
12/02
14:21
12/02/16
14:21
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Mohawk analyst commentary  »

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$NYE

NYSE Market Internals

14:16
12/02/16
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Technical Analysis
NYSE market internals summary »

Breadth is bullish across…

03/08/13
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$NSD

NASDAQ Market Internals

14:16
12/02/16
12/02
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Technical Analysis
NASDAQ market internals summary »

Volume is heavier than…

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SHLD

Sears

$13.20

0.32 (2.48%)

14:15
12/02/16
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Options
Sears put volume heavy and directionally bearish »

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  • 08

    Dec

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General news
Fedspeak will be compressed next week »

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EDU

New Oriental Education

$47.96

-1.03 (-2.10%)

14:08
12/02/16
12/02
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14:08
Periodicals
New Oriental Education engaged in college application fraud, Reuters says »

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SPY

SPDR S&P 500 ETF Trust

$219.50

-0.07 (-0.03%)

, SPX

S&P 500

$2,190.69

-0.39 (-0.02%)

14:07
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Technical Analysis
On The Fly: Weekly technical notes for S&P 500 »

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SPY

SPDR S&P 500 ETF Trust

$219.50

-0.07 (-0.03%)

SPX

S&P 500

$2,190.69

-0.39 (-0.02%)

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14:05
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Oil rallies while equities stall »

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TITN

Titan Machinery

14:02
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Downgrade
Titan Machinery rating change  »

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SON

Sonoco Products

$52.74

-1.035 (-1.92%)

, BRK.A

Berkshire Hathaway

$238,530.00

-1291 (-0.54%)

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SON

Sonoco Products

$52.74

-1.035 (-1.92%)

BRK.A

Berkshire Hathaway

$238,530.00

-1291 (-0.54%)

BRK.B

Berkshire Hathaway

$159.07

-1.05 (-0.66%)

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  • 02

    Dec

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EDU

New Oriental Education

$48.06

-0.93 (-1.90%)

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Breaking Hot Stocks news story on New Oriental Education »

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EDU

New Oriental Education

$48.06

-0.93 (-1.90%)

14:00
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Breaking Periodicals news story on New Oriental Education »

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MYCC

ClubCorp

$13.40

0.2 (1.52%)

14:00
12/02/16
12/02
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14:00
Options
Call buyer opens the largest open interest block in ClubCorp options »

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14:00
12/02/16
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14:00
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General news
NY Fed accepted $167.88 B in daily reverse repos »

NY Fed accepted $167.88 B…

SBUX

Starbucks

$58.51

0.54 (0.93%)

13:51
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  • 07

    Dec

TOT

Total

$47.82

0.07 (0.15%)

, RDS.A

Royal Dutch Shell

$52.01

0.225 (0.43%)

13:50
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Obama expected to sign bill extending Iran sanctions, Reuters reports »

White House says…

TOT

Total

$47.82

0.07 (0.15%)

RDS.A

Royal Dutch Shell

$52.01

0.225 (0.43%)

BP

BP

$35.56

0.17 (0.48%)

XOM

Exxon Mobil

$87.36

0.12 (0.14%)

CVX

Chevron

$113.34

0.05 (0.04%)

COP

ConocoPhillips

$48.17

-0.05 (-0.10%)

03/08/13
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  • 02

    Dec

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    Dec

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