Sarat Sethi has revealed his purchase of stock in the Italian luxury carmaker, even after the company faced recent challenges related to its electric vehicle strategy.
The investment portfolio manager at Douglas C. Lane & Associates stated during a media appearance that Ferrari NV has its order book completely filled for the next two years. He described the brand's vehicles as products for which demand perpetually exceeds supply.
Sethi's positive outlook is not an isolated view. Other financial institutions, including Bank of America and Wolfe Research, have also issued buy ratings for the high-end automotive manufacturer.
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