UBS Remains Bullish on Ferrari (RACE) and Raises Price Target to $50
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May 2, 2016 11:11 AM EDT
MILAN (Reuters) - Italian luxury carmaker Ferrari (NYSE: RACE) on Monday nudged up its full-year earnings forecast after a stronger-than expected first quarter, helped by higher shipments and better margins.
Ferrari (NYSE: RACE), spun off from Fiat Chrysler Automobiles at the start of the year, also said Chairman Sergio Marchionne would take over as chief executive as well, following Amedeo Felisa's decision to... More
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
May 2, 2016 9:55 AM EDT
MILAN (Reuters) - Ferrari (NYSE: RACE) Chairman Sergio Marchionne will also become the luxury carmaker's chief executive after Amedeo Felisa's decision to retire, the company said in a statement on Monday.
Felisa's departure was expected for months after sources told Reuters last... More
May 2, 2016 9:42 AM EDT
Ferrari N.V. (NYSE: 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 retaining his current role as Chairman of the Company. Mr. Felisa will... More
May 2, 2016 9:40 AM EDT
Ferrari (NYSE: RACE) CEO Amedeo Felisa to step down. Chairman Sergio Marchionne will assume the CEO role.
Felisa will continue to serve on the board as a technical advisor.
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