Ferrari: Morgan Stanley raises target price

(CercleFinance.com) - Morgan Stanley reinstates its "Overweight" rating on the Ferrari share, while raising its target price from 180 dollars to 185 dollars, saying that "the market will look to 2020 as a year of strong execution" for the luxury car maker.


The broker says, "there is little to not like about 2020 (particularly the second half of 2020) as the orderbook expands into new customer segments with the production of 5 new distinct, margin accretive models".


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