Ferrari price target raised to $300 from $250 at Bernstein

Bernstein analyst Daniel Roeska raised the firm’s price target on Ferrari to $300 from $250 and keeps a Market Perform rating on the shares. Markets have largely ignored Ferrari’s Q2 beat and updated guidance, the analyst tells investors in a research note. The firm noted, however, that Q2’s volumes and commentary clearly indicate that Ferrari’s strategy focuses on value over volumes.