Ferrari N.V. (RACE) is Reiterated by UBS to Buy, Raises Price Target to $ 50

Ferrari N.V. (RACE) was Reiterated by UBS to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 50 from a previous price target of $48 . UBS advised their investors in a research report released on May 4, 2016.

On the company’s financial health, Ferrari N.V. reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.29. The company had revenue of $675.00 million for the quarter, compared to analysts expectations of $645.65 million. The company’s revenue was up 8.7% compared to the same quarter last year.

Ferrari N.V.

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