1 Wall Street Analyst Thinks Ferrari Stock Is Going to $357. Is It a Sell Around $414?
Ferrari (NYSE: RACE) stock is off to the races! Gaining an impressive 52% over the past 52 weeks, shares of the Italian sports car maker have outperformed the S 500 by a factor of two already.
But one analyst thinks that now it's time to sell.
Analysts at Citigroup downgraded Ferrari stock to "sell" on Monday, setting a new target price of 329 euros per price (about $357). Curiously, that's actually 7% above Citi's old target price on Ferrari stock. And yet, the analyst seems deeply pessimistic about Ferrari shares and thinks you should sell today. Why?
Source Fool.com
Ferrari NV Aktie
Einige Buy-Einschätzungen dominieren bei Ferrari NV gegenüber Sell-Einschätzungen.
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