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Fly News Breaks for August 13, 2019
Aug 13, 2019 | 19:58 EDT
Goldman Sachs analyst George Galliers upgraded Ferrari to Buy with a price target of $182 after its Q2 results earlier this month, saying the subsequent 7% decline in its stock price presents a "good entry point". The analyst believes that the company can deliver "material" earnings growth over the next 3 years with estimated EBITDA growth of 13% per year through 2021, citing its far-reaching product range expansion that is differentiated from the automaker's traditional premium and mass market peers.
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