Ferrari (RACE) was Upgraded to a Hold Rating at Kepler Capital

Kepler Capital analyst Carola Holtz upgraded Ferrari (RACEResearch Report) to Hold on August 3 and set a price target of EUR210.00. The company’s shares closed last Thursday at $216.00.

According to TipRanks.com, Holtz is a 1-star analyst with an average return of -1.1% and a 41.6% success rate. Holtz covers the Consumer Goods sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Hermes International, and Stellantis.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ferrari with a $229.31 average price target, which is a 6.3% upside from current levels. In a report issued on July 19, Bernstein also initiated coverage with a Hold rating on the stock with a EUR200.00 price target.

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The company has a one-year high of $278.78 and a one-year low of $167.45. Currently, Ferrari has an average volume of 488.4K.

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Italy-based Ferrari NV designs, manufactures and sells luxury performance sports cars. The company offers sports, GT, and special series cars; limited edition hypercars; Fuori series, one-off, and track cars; and Icona cars. It also provides non-registered racing cars; and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars. It participates in car racing such as Formula One.

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