Jefferies ups Ferrari to 'buy' on stronger growth outlook, margins

Ferrari NV

01/04/2026 07:22

** Jefferies upgrades Ferrari RACE.MI  to "buy" from "hold", saying confidence is improving in the Italian luxury carmaker's growth outlook and its ability to steadily lift margins

** It says the rebuilding of the stock premium provides a "compelling macro-agnostic counterfoil to broader uncertainties"

** It raises its PT to 350 euros ($405) from 310 euros, noting a favourable product mix should help limit the drag from foreign exchange moves on earnings

** It adds first-quarter results on May 5 should give investors more confidence, after the carmaker appears to have brought forward some U.S. deliveries to offset short-term disruption to shipments to the Middle East

** Out of 21 analysts, 13 rate the stock "strong buy" or "buy," ​six "hold" and two "strong sell" or "sell" - LSEG data

($1 = 0.8647 euros)

 (Reporting by Laura Contemori)

 ((Laura.contemori@thomsonreuters.com))