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

Kepler Capital analyst Thomas Besson downgraded Ferrari (RACEResearch Report) to Hold on July 20 and set a price target of EUR185.00. The company’s shares closed last Wednesday at $205.61.

According to TipRanks.com, Besson has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -5.0% and a 51.8% success rate. Besson covers the Consumer Goods sector, focusing on stocks such as Compagnie Générale des Établissements Michelin, Bayerische Motoren Werke Aktiengesellschaft, and Stellantis.

Currently, the analyst consensus on Ferrari is a Moderate Buy with an average price target of $238.12.

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The company has a one-year high of $233.66 and a one-year low of $176.03. Currently, Ferrari has an average volume of 266.5K.

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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.