Ferrari (RACE) Tops Q1 EPS Views; Updates FY16 Outlook
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UBS Remains Bullish on Ferrari (RACE) and Raises Price Target to $50
May 4, 2016 9:31 AM EDTUBS reiterated a Buy rating on Ferrari (NYSE: RACE), and raised the price target to $50.00 (from $48.00), following the company's 1Q earnings report.
Analyst Michael Binetti commented, "Despite beating 1Q ests & raising '16 guidance, RACE's stock has pulled back slightly due to: 1) a +7%... More
Marchionne to succeed Felisa as Ferrari CEO
May 2, 2016 9:55 AM EDTMILAN (Reuters) - Ferrari (NYSE: RACE) Chairman Sergio Marchionne will also become the luxury carmaker's chief executive after Amedeo Felisa's decision to retire, the company said in a statement on Monday.
Felisa's departure was expected for months after sources told Reuters last... More
Ferrari (RACE) Announces Retirement of CEO Felisa; Chairman Marchionne to Succeed
May 2, 2016 9:42 AM EDTFerrari N.V. (NYSE: RACE) announces the retirement of its Chief Executive Officer, Mr. Amedeo Felisa, after 26 years of dedicated service. Mr. Sergio Marchionne will assume those responsibilities while retaining his current role as Chairman of the Company. Mr. Felisa will... More
Ferrari (RACE) CEO Felisa to Step Down; Sergio Marchionne Will Assume Role
May 2, 2016 9:40 AM EDTFerrari (NYSE: RACE) CEO Amedeo Felisa to step down. Chairman Sergio Marchionne will assume the CEO role.
Felisa will continue to serve on the board as a technical advisor.
... More