Ferrari Signs an MoU with FCA Bank for a Joint Venture in the Financial Services Business in Europe

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Go back to Ferrari Signs an MoU with FCA Bank for a Joint Venture in the Financial Services Business in Europe

UBS Remains Bullish on Ferrari (RACE) and Raises Price Target to $50

May 4, 2016 9:31 AM EDT

UBS 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