Ferrari: Invest Securities maintains buy rating
(CercleFinance.com) - While reducing its target price from 133 euros to 123 euros, Invest Securities has reinstated its "buy" rating on the Ferrari stock, with a strong belief in the group's long-term valuation potential, which it maintains in its list of best picks.
The publication of Q3 2018 results shows that the group is offsetting the weak growth of its reported sales (+0.3%) by a sharp improvement in its EBITDA margin, which reaches 33.2%, said the analyst who monitors the stock.
Invest Securities adds that this performance of the luxury sports car maker has been achieved despite the negative impact of FX factors, mix and Maserati sales (engine sales down 20%).
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The publication of Q3 2018 results shows that the group is offsetting the weak growth of its reported sales (+0.3%) by a sharp improvement in its EBITDA margin, which reaches 33.2%, said the analyst who monitors the stock.
Invest Securities adds that this performance of the luxury sports car maker has been achieved despite the negative impact of FX factors, mix and Maserati sales (engine sales down 20%).
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.