Ferrari Announces CEO Succession

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Go back to Ferrari Announces CEO Succession

UBS Remains Bullish on Ferrari (RACE) and Raises Price Target to $50

May 4, 2016 9:31 AM EDT

UBS reiterated a Buy rating on Ferrari (NYSE: RACE), and raised the price target to $50.00 (from $48.00), following the company's 1Q earnings report.

Analyst Michael Binetti commented, "Despite beating 1Q ests & raising '16 guidance, RACE's stock has pulled back slightly due to: 1) a +7%... More

Ferrari (RACE) Tops Q1 EPS Views; Updates FY16 Outlook

May 2, 2016 10:10 AM EDT

Ferrari (NYSE: RACE) reported Q1 EPS of 0.41, 0.10 better than the analyst estimate of 0.31. Revenue for the quarter came in at 675 million versus the consensus estimate of 637.3 million.

Total shipments reached... More