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Ferrari upgraded to Neutral from Sell at Citi
The Fly

Ferrari upgraded to Neutral from Sell at Citi

Citi analyst Martin Wilkie upgraded Ferrari to Neutral from Sell with a $230.60 price target. The analyst cites a preference for luxury and premium in the European auto manufacturers space in 2023 for the upgrade. Wilkie’s top picks are Mercedes Benz and Porsche AG.

Published first on TheFly

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