Ferrari: Invest Securities raises target price

(CercleFinance.com) - The Parisian broker Invest Securities remains upbeat about the Ferrari stock, hailing the impressive demonstration of the Italian manufacturer of niche automobiles during its investor day.


Maintaining their buy rating on the stock, analysts have raised their target price from 127 euros to 133 euros: the stock remains on its list of best picks.

Beyond the visits and the unveiling of its latest model (a limited issue), the SP1 and SP2 versions of the Monza, a research note says, the detailed plan for 2018/22 is in line with the details already revealed before the passing of Sergio Marchionne.

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