Ferrari NV (RACE) Gets a Buy Rating from Credit Suisse

Credit Suisse analyst Michael Binetti maintained a Buy rating on Ferrari NV (NYSE: RACE) yesterday and set a price target of $160. The company’s shares closed yesterday at $119.53.

According to TipRanks.com, Binetti is a 5-star analyst with an average return of 11.6% and a 57.1% success rate. Binetti covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Ralph Lauren Corp, and Foot Locker Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ferrari NV with a $138 average price target.

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Ferrari NV’s market cap is currently $22.55B and has a P/E ratio of 32.41. The company has a Price to Book ratio of 20.90.

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Ferrari NV is a holding company. It manufactures luxury sports cars. Ferrari’s models include the F12Berlinetta, 488GTB, 488 Spider, 458 Speciale, California T, the LaFerrari Hybrid, LaFerrari and the FF four-wheel drive. The company participates in car racing such as Formula One.