Analyst Adam Jonas increased Ferrari's price target by $30 to $310, implying the stock could rally 14.2% over the next year. He said the carmaker's defensiveness and hard-to-replicate luxury brand would be assets in amid a changing economic backdrop.
He also said the stock "avoids much of the EV hype and EV risk." Still, he said the company had an underappreciated opportunity in the space as it could move away from internal combustion engines without losing the core of the brand.Tesla shares fall following vehicle price cutson its two most expensive models in the U.S. to improve demand.
Net orders fell 1.6% from December, a small drop than the 1.8% slide expected by economists polled by Dow Jones.
Having Secretary of Commerce Gina Raimano double talking about building chip manufacturing production sites with female trade jobs is laughable! Raimano is in reality pushing ESG WOKE politics. She says Federal funding has no strings attached but there will be funding preferences
Bond yields are currently rising...
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