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Fly News Breaks for January 28, 2019
RACE
Jan 28, 2019 | 09:20 EDT
Credit Suisse analyst Michael Binetti lowered his price target for Ferrari to $140 from $160, while reiterating an Outperform rating on the shares. The analyst thinks Ferrari slowed the launch calendar after the abrupt CEO transition in 2018, leaving a lull in the P&L of impactful new innovation for an extended period to drive positive earnings revisions. Binetti expects Ferrari to start 2019 guidance conservatively this week.
News For RACE From the Last 2 Days
RACE
Apr 24, 2024 | 08:35 EDT
RACE
Apr 24, 2024 | 08:35 EDT
Ferrari (RACE) announces that Ferrari S.p.A. has signed a multiyear partnership agreement with HP Inc. (HPQ), through which its brand will appear on racing properties of Scuderia Ferrari.
RACE
Apr 22, 2024 | 06:41 EDT
Evercore ISI raised the firm's price target on Ferrari to $465 from $430 and keeps an Outperform rating on the shares. The firm, which contends that Q1 should "showcase a solid start" to 2024, maintains an above-consensus Q1 EBITDA estimate of EUR 596M and FY24 EBITDA estimate of EUR2.56B, the analyst tells investors in an earnings preview note.
