Skip to content

Ferrari was upgraded to overweight, the price objective of Tesla

    00:00 Speaker A

    Ferrari is upgraded to overweight of the same weight at Barclays. And the analyst says that they have previously reduced the stock, but now they see a good access point. Shares have fallen by around 7% in the past month. The company also notes that the luxury car maker has confirmed its guidance, despite the announcement of President Trump of 25% rates for all cars that are not made in the US. Ferrari says that prices will not change for cars imported before 2 April, and that they will not change for certain models, regardless of when they arrive. Other models can see a price increase of 10%, depending on new import costs. Then, Tesla, who gets a price target at Deutsche Bank. The analyst repeated his buy -rating, but reduced his price target to $ 345 per share, a decrease of $ 420 per share. That is still about 26% of the end of Thursday. The company sees deliveries within estimates in the first quarter, which would represent a loss of 11% compared to the previous year. The analyst says that this probably means that autmarges will be busy, among other things. Deutsche Bank writes that Tesla has recently been under pressure, powered by weaker car volumes, wider weighing and growth assets and to a certain extent political and policy uncertainty. The company thinks that the EV -Maker will probably see minimal impact of the current rate guidelines.