Ferrari: downgraded by broker

(CercleFinance.com) - Ferrari loses 1% and thus underperforms the trend in Milan, following a recommendation downgrade by Barclays, from 'overweight' to 'weight in line', while raising its target price from 375 to 400 euros.


Pending the Italian luxury and sports car maker's next publication on May 7, the broker stresses that the share is now back on par with Hermès in terms of forward-looking 12-month P/E (price to EPS) ratio.

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