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Ferrari: shares accelerate gains after broker comments

(CercleFinance.com) - Ferrari shares are up on Friday on the New York Stock Exchange following positive broker comments on the stock.

Jefferies - which has a "buy" rating on the stock - has raised its target price from 96 dollars to 130 dollars, saying that the recent 15% correction has created an attractive buy opportunity ahead of the long-awaited investor day, which is scheduled to be held in February 2018.

Ferrari shares are currently up 1.6% at 106.3 dollars on the New York Stock Exchange.

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