Ferrari nudges up earnings view, Marchionne becomes CEO
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UBS Remains Bullish on Ferrari (RACE) and Raises Price Target to $50
May 4, 2016 9:31 AM EDTUBS 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
