Ferrari NV (RACE) saw its shares plummet by 5.05% during Tuesday's intraday trading session, reflecting investor concerns following a downgrade by HSBC.
HSBC analysts downgraded Ferrari from Buy to Hold, citing "weak messaging" and limited potential for positive surprises. The bank also reduced its price target to EUR 345 from EUR 415, highlighting concerns about growth metrics and margin improvements. Management's focus on headwinds and a soft start to 2026 due to model changeovers further exacerbated investor worries.
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