Ferrari shares decline as it sticks to full-year forecasts

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Go back to Ferrari shares decline as it sticks to full-year forecasts

Jefferies Comments on Ferrari (RACE) Earnings Report

May 7, 2024 7:52 AM EDT

Jefferies analyst Philippe Houchols reiterated a Hold rating and $408.00 price target on Ferrari (NYSE: RACE)

The analyst comments "~1% beat on both EBIT and revenue in Q1, giving 27.9% margin; FCF also ~in-line at 321m incl. 30% higher y/y investment spend. Units flat y/y... More

Jefferies Comments on Ferrari NV (RACE:IM) (RACE) Earnings Report

May 7, 2024 7:51 AM EDT

Jefferies analyst Philippe Houchois reiterated a Hold rating and EUR375.00 price target on Ferrari NV (RACE:IM) (NYSE: RACE).

The analyst comments "~1% beat on both EBIT and revenue in Q1, giving 27.9% margin; FCF also ~in-line at 321m incl. 30% higher y/y investment... More