Ferrari (RACE) CapEx Fears are Overblown, RBC Capital Sees Updated Targets Soothing Fears

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Go back to Ferrari (RACE) CapEx Fears are Overblown, RBC Capital Sees Updated Targets Soothing Fears

Morgan Stanley Reiterates Overweight Rating on Ferrari (RACE), Top Pick, $300 PT, 'Greater Capital Efficiency'

June 16, 2022 9:49 AM EDT

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $300.00 price target on Ferrari (NYSE: RACE).

The analyst comments "We remind investors that Ferraris FY26 targets include little, if any, contribution from the pure EV business while its FCFforecast includes significant costs to... More