Nov. 27 at 1:57 PM
$RACE November 26, 2025, 8:42 a.m.
JPMORGAN upgrades Ferrari to 'Overweight'
NEW YORK (dpa-AFX Analyser) - US bank JPMorgan has maintained its "Overweight" rating on Ferrari with a price target of
$457. Jose M. Asumendi wrote in his outlook published Wednesday that 2026 is likely to be characterized for the automotive industry by globally limited production growth, trade tensions, a slower transition to electric vehicles, and Chinese market share gains outside the US. Investors should continue to focus on strong cash flow, dividends, and share buybacks, which is favorable for premium manufacturers, tire producers, and some commercial vehicle manufacturers. Asumendi is confident in Ferrari's management's ability to implement its long-term plans, as demand currently significantly exceeds supply. For suppliers, cost reductions will likely be the focus in 2026. /gl/tih
