Ferrari: Few Near-Term Catalysts, Wait For A Dip
RACEFerrari(RACE) Seeking Alpha·2024-06-14 20:15
CuorerouC/iStock Editorial via Getty Images Here at the Lab, we had a good timing rating on Ferrari (NYSE:RACE). Following a rating downgrade (Fig 1), the company released the Q1 earnings, and despite solid results, Ferrari's total return was negative compared to the S&P 500 changes. As a reminder for our new readers, since early 2022, we have been overweight Ferrari with a publication called RACE Again, recording a triple-digit return. Mare Ev. Lab Rating Update Fig 1 Before moving on with our negative ...