1111 GMT - Ferrari investors were cautious after last year's capital markets day, but sentiment appears to have become rather constructive again, Deutsche Bank analyst Nicolai Kempf writes. Following several investor meetings, the bank says Ferrari's midterm targets were thoroughly discussed, but the focus shifted to upcoming models and their financial implications, as well as the current situations in China and the Middle East. "With an order book extending until the end of 2027, we believe the company is confident in reallocating units until the situations in these regions improve." Deutsche Bank rates Ferrari at buy with a 460 euro target price on the stock. Shares rise 1.2% to 283.10 euros. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
March 27, 2026 07:11 ET (11:11 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments