Tajuk : Morgan Stanley just got even more bullish on Ferrari
link : Morgan Stanley just got even more bullish on Ferrari
Morgan Stanley just got even more bullish on Ferrari
Andrew Burton/Getty Images
Since its 2015 spinoff from Fiat Chrysler Automobiles, Ferrari stock has performed exceptionally well: up 50% since the IPO and up a whopping 92% over the past 12 months.
Morgan Stanley auto analyst Adam Jonas has been a Ferrari bull since last year, and he just got more bullish.
Last November, he hiked his price target to $60 from $56 and later raised in to $72. In a note published on Monday, he pushed that number to $100.
Ferrari shares closed at $82 last Friday.
Jonas, a longtime Tesla bull, likes Ferrari so much that he has bumped Tesla from his top three picks in the auto sector to make room for the Italian manufacturer of exotic supercars. According to Morgan Stanley, Jonas “believes [Ferrari] can double its earnings in approximately five years, and he sees investors growing to appreciate the stability of its cash flows over the long term.”
The analysis makes sense. Ferrari has been gradually upping production since the IPO, from a longtime former cap of 7,000 vehicles per year. Over the next few years, 10,000 isn’t out of the question. Ferrari always has more demand than it can meet — by design — and it is both looking to expand in developing markets such as China and the Middle East while also offering profitable versions of its most expensive vehicles, like the $1-million-plus LaFerrari hypercar.
Ferrari was trading down slightly pre-market on Monday to $81.79.
Markets Insider
Get the latest Tesla stock price here.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2pYh5wM
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
Andrew Burton/Getty Images
Since its 2015 spinoff from Fiat Chrysler Automobiles, Ferrari stock has performed exceptionally well: up 50% since the IPO and up a whopping 92% over the past 12 months.
Morgan Stanley auto analyst Adam Jonas has been a Ferrari bull since last year, and he just got more bullish.
Last November, he hiked his price target to $60 from $56 and later raised in to $72. In a note published on Monday, he pushed that number to $100.
Ferrari shares closed at $82 last Friday.
Jonas, a longtime Tesla bull, likes Ferrari so much that he has bumped Tesla from his top three picks in the auto sector to make room for the Italian manufacturer of exotic supercars. According to Morgan Stanley, Jonas “believes [Ferrari] can double its earnings in approximately five years, and he sees investors growing to appreciate the stability of its cash flows over the long term.”
The analysis makes sense. Ferrari has been gradually upping production since the IPO, from a longtime former cap of 7,000 vehicles per year. Over the next few years, 10,000 isn’t out of the question. Ferrari always has more demand than it can meet — by design — and it is both looking to expand in developing markets such as China and the Middle East while also offering profitable versions of its most expensive vehicles, like the $1-million-plus LaFerrari hypercar.
Ferrari was trading down slightly pre-market on Monday to $81.79.
Markets Insider
Get the latest Tesla stock price here.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2pYh5wM
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
dengan itu Perkara Morgan Stanley just got even more bullish on Ferrari
Kini anda membaca artikel Morgan Stanley just got even more bullish on Ferrari dengan alamat pautan https://timesnewmalaysia.blogspot.com/2017/05/morgan-stanley-just-got-even-more.html
Related Posts :
Suara Yang Didengar Mayat Saatnya Sakaratulmaut- Bayi Setiap Minit MENANGIS. Bila Jumpa Ustaz, Dia Tunjuk “SESUATU” Menyeramkan !!!
- Oleh Kerana Enggan Ke Sekolah Bapa Menyuruh Anak Berniaga Pisang Goreng Di Jalanan Sebagai Pengajaran Buatnya
- Bila Azan Saya Akan Sedar Dari Koma Lepas Solat Saya Koma Balik Perkongsian Ustaz Hanafi Penghidap Kanser Limfoma
Gs7v2- Mimpi Ngeri
0 Response to "Morgan Stanley just got even more bullish on Ferrari"
Catat Ulasan