(News Bulletin 247) – Barclays initiated coverage of the Ferrari stock on Tuesday with a ‘weight online’ recommendation and a price target set at 250 euros.
In a research note, the analyst explains that he sees the Italian automaker as a “luxury group” which specializes in the manufacture of cars.
The intermediary recognizes that the year 2023 promises to be decisive for the mix/price of the Maranello group, but specifies that it displays, as far as it is concerned, forecasts of results for 2025 in line with the consensus.
Barclays is positive about the sports car maker’s electrification process, as well as the visibility of its results, but prefers to wait for a better entry point on the value, while it is currently trading at near levels. of his records.
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