Morgan Stanley Reiterates Overweight Rating on Ferrari (RACE)
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Get Alerts RACE Hot Sheet
Rating Summary:
15 Buy, 1 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 18
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Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $400.00 price target on Ferrari (NYSE: RACE)
The analyst comments "On our calculations, nearly 90% of Ferrari profit is derived from existing clients and collectors while no more than 7% comes from China. Find another luxury good company that can say that? Like many of the worlds most exclusive clubs, money alone cannot not guarantee a membership."
For an analyst ratings summary and ratings history on Ferrari click here. For more ratings news on Ferrari click here.
Shares of Ferrari closed at $418.37 yesterday.
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