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

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

Ferrari Signs an MoU with FCA Bank for a Joint Venture in the Financial Services Business in Europe

May 2, 2016 10:22 AM EDT

MARANELLO, Italy, May 2, 2016 /PRNewswire/ --  Ferrari Financial Services S.p.A. ("FFS S.p.A."), an Italian indirect subsidiary of Ferrari N.V. ("Ferrari") (NYSE/MTA: RACE), and FCA Bank S.p.A. ("FCAB") today announced that they have signed a memorandum of understanding ("MoU") for FCAB to... More

Ferrari NV: Strongest Ever Q1, on the Way to Another Record Year

May 2, 2016 9:48 AM EDT

MARANELLO, Italy, May 2, 2016 /PRNewswire/ --

Total shipments reached 1,882 units, up 15% Net revenues grew 8.8% (+8.4% at constant currencies) to Euro 675 million EBIT of Euro 121 million, 250bps margin increase Net profit up 19% to Euro 78 million Net industrial debt[1] slightly down from year end 2015 at Euro 782 million

 

 

(In Euro million unless otherwise stated)

For the three months ended March 31,

... More

Ferrari Announces CEO Succession

May 2, 2016 9:40 AM EDT

MARANELLO, Italy, May 2, 2016 /PRNewswire/ -- Ferrari N.V. ("Ferrari" or "Company") (NYSE/MTA: RACE) announces the retirement of its Chief Executive Officer, Mr. Amedeo Felisa, after 26 years of dedicated service. Mr. Sergio Marchionne will assume those responsibilities while... More