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Ferrari (RACE) PT Raised to $310 at Morgan Stanley, Replaces Tesla (TSLA) As Top Pick

March 6, 2023 6:15 AM EST

Morgan Stanley analyst Adam Jonas raised the price target on Ferrari (NYSE: RACE) to $310.00 (from $280.00) while maintaining a Overweight rating.

The analyst comments "Why make RACE our top pick?Following the YTD rebound in equity prices in autos and continuing signs of... More