(News Bulletin 247) – Goldman Sachs on Thursday raised its recommendation on Ferrari shares from ‘sell’ to ‘neutral’ while raising its target price from 181 to 260 euros.
In a sector note, the analyst points out that the Italian sports car manufacturer has benefited from a good resistance of its order book in recent years, before a 2024 financial year which should benefit from the launches of the Daytona SP3 and the Ferrari Purosangue.
The Maranello group, which has yet to unveil new models this year, also presents, according to him, a limited risk of exposure to the deterioration of consumer morale or the rise in interest rates.
According to the intermediary, Ferrari’s customers should indeed withstand a possible slowdown in economic activity.
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