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Ferrari Can Sell Fewer Cars and Still Beat, Goldman Says

Goldman Sachs raised its price target on Ferrari NYSE:RACE to 421 from 407 while keeping a Buy rating, betting the luxury carmaker will beat third-quarter earnings expectations even though management has flagged lower year-over-year volumes. Ferrari shares rose 1.90% in Milan trading.Goldman sits 3…

RACE

Goldman Sachs raised its price target on Ferrari NYSE:RACE to 421 from 407 while keeping a Buy rating, betting the luxury carmaker will beat third-quarter earnings expectations even though management has flagged lower year-over-year volumes. Goldman sits 3…