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barclays upgrades ferrari outlook with significant price target increase
Barclays has upgraded Ferrari N.V. (NYSE:RACE) from Equal-Weight to Overweight, projecting a 21.01% upside with an average one-year price target of $516.49 per share. Despite a projected annual revenue decrease of 3.54% to $6.44 billion, institutional ownership has increased by 1.21% over the last three months, although several major shareholders have reduced their stakes. The current put/call ratio of 1.48 indicates a bearish sentiment among investors.
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