Morgan Stanley Reiterates Overweight Rating on Ferrari (RACE)

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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