BERNSTEIN RESEARCH: Ferrari “buy” – boerse.de

20240417 – NEW YORK (dpa-AFX Analyzer) – US-based analyst firm Bernstein Research has raised its price target on Ferrari from US$448 to US$512 and left the rating at “Outperform”. Despite a strong rally in stocks, improving sentiment toward the auto sector means the final phase of the rally is still ahead, wrote current affairs analyst Stephen Reitman in a research note available Wednesday. Valuations in the industry are not over the top, but they are below the long-term historical average, even though earnings and cash flows are up significantly. Ferrari does not sell its products or even distribute them, the expert added, with the intention of going back on the order that lasts at least until the end of 2025./la/gl Original research published: April 16, 2024 / 3:29 pm Regulation (EU) 596 /2014 for the said analyst firm can be found at

Quelle: dpa-AFX Analyzer