Ferrari Shares Rally After Morgan Stanley Upgrade on Valuation Opportunity
Corroborated by 2 sources from 2 publishers
globalgeneral1d ago
TL;DR
Reports differ across sources; according to finance.yahoo.com, morgan Stanley upgraded Ferrari (NYSE:RACE) to Overweight from Equal Weight on Monday, arguing that the luxury carmaker’s recent share price weakness has become disconnected from the underlying fundamentals of the business.