Ferrari stock price target lowered to €310 at Jefferies on model ramp-up costs
NeutralFinancial Markets
- Jefferies has lowered its stock price target for Ferrari to €310, attributing this adjustment to increased costs associated with the ramp-up of new models. This decision reflects ongoing assessments of the company's financial outlook amidst evolving market conditions.
- The reduction in Ferrari's stock price target is significant as it may influence investor sentiment and market perception of the luxury car manufacturer. The adjustment highlights the challenges Ferrari faces in managing production costs while maintaining its premium brand image.
- This development is part of a broader trend where financial institutions are reassessing stock targets across various sectors, reflecting a cautious outlook on market performance. Similar adjustments have been noted for other companies, indicating a potential shift in investor confidence and market dynamics, particularly in the automotive and luxury sectors.
— via World Pulse Now AI Editorial System
