Ferrari : Fly to safety
>Still a Top Pick in Autos, target price raised to € 365 - In the context of our report on carmakers published yesterday, we reiterate our Outperform rating on Ferrari which remains one of our Auto Top Picks for 2024. In an environment that presents a number of threats for carmakers (demand slowdown, price-mix normalisation, Chinese competition, BEV slowdown), Ferrari's exceptional defensive qualities (record backlog of 2+ years, best-in-class pricing power, limited e...
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