Ferrari : End-of-year could momentarily temper the most optimistic expectations
>Slight downgrade to our estimates; Ferrari could guide cautiously again, but downward revision risk limited - Following a company contact, we have updated our scenario for Ferrari. While the group continues to enjoy excellent momentum (record backlog, favourable product cycle), we have trimmed our estimates for 2023 (-1.1% for EBIT) and 2024 (-1.4%) to take account of a slightly more adverse cost scenario (R&D, SG&A, FX). The group is set to continue to generate rob...
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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