The Luce, Ferrari's (RACE) new electric vehicle revealed at a splashy event in Rome last month, has drawn fierce criticism from fans for its polarizing design.
Some fault Ferrari for creating something without an emotional core, adding that a **** y exterior and scintillating soundtrack from a high-revving gas engine are sine qua non for anything from Maranello.
Investors punished Ferrari stock following the car's release.
But Morgan Stanley believes Ferrari's punishment is too severe. **** yst Edouard Aubin lifted Ferrari to Overweight from Equal Weight and raised its price target on the Milan-listed stock to 380 euros ($441) from 330 euros ($383), implying about 24% upside.
"The stock has fallen 26% over the past 12 months, while FY26-27 EPS revisions have been limited to 4%, meaning the move has been driven primarily by de-rating rather than earnings capitulation," Aubin wrote. Ferrari stock rebounded a bit following the call.
Some fault Ferrari for creating something without an emotional core, adding that a **** y exterior and scintillating soundtrack from a high-revving gas engine are sine qua non for anything from Maranello.
Investors punished Ferrari stock following the car's release.
But Morgan Stanley believes Ferrari's punishment is too severe. **** yst Edouard Aubin lifted Ferrari to Overweight from Equal Weight and raised its price target on the Milan-listed stock to 380 euros ($441) from 330 euros ($383), implying about 24% upside.
"The stock has fallen 26% over the past 12 months, while FY26-27 EPS revisions have been limited to 4%, meaning the move has been driven primarily by de-rating rather than earnings capitulation," Aubin wrote. Ferrari stock rebounded a bit following the call.
4 months ago
