Yahoo Finance

BofA raised the firm’s price target on Ferrari (RACE) to $575 from $512 and keeps a Buy rating on the shares. The firm lowered its North American auto production estimate to 16.1M from 16.7M to reflect plant downtime and a material increase in Chinese imports to Mexico. Legacy OEMs delivered a strong finish to 2024, the firm adds.

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Read More on RACE:

• Ferrari Advances Share Buyback Program with Exor Offering Participation

• Ferrari Expands Share Buyback Program with New Repurchase Initiative

• Ferrari drops after Exor announces intent to sell 7M shares

• Ferrari to buy up to 10% of Exor shares for maximum of EUR 300M

• Ferrari (RACE) Reveals Q2 Dividend: Here’s the Essential Information