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Fly News Breaks for May 9, 2019
RACE
May 9, 2019 | 07:55 EDT
As previously reported, Morgan Stanley analyst Adam Jonas upgraded Ferrari to Overweight from Equal Weight and raised his price target on the shares to $160 from $140 as he increased his earnings forecasts following the company's better than expected Q1 results and said he has higher conviction in the company's strategy. Jonas noted that his price target increase is partly attributable to a higher forecast through 2022, partly due to higher long-term volume assumptions and partly due to an increased terminal EBIT margin forecast.
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.
