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Ferrari has been upgraded to Overweight from Equal Weight by Barclays, indicating a more favorable outlook for the luxury car manufacturer. This change reflects analysts' increased confidence in Ferrari's performance and potential growth in the market.
Barclays has upgraded Ferrari to "overweight" from "equal weight," citing the company's strong guidance and resilience amid 25% US tariffs on foreign car imports. The analysts view the recent 20% share price correction as a buying opportunity, with Ferrari's planned price increases expected to mitigate margin impacts and demonstrate pricing power. Projections indicate growth in sales, gross profit, EBITDA, and EBIT through 2027, reinforcing Ferrari's position as a safe-haven in the automotive sector.
Barclays has upgraded Ferrari's stock rating from Equalweight to Overweight, setting a target price of EUR 485 following a 20% price correction. The company reaffirmed its ambitious 2025 financial goals despite potential risks from new U.S. tariffs, which may lead to price increases of up to 10% on certain models. Analysts remain divided, with Bernstein maintaining an Outperform rating at $575, while Citi expresses concerns with a Sell rating at EUR 360.
Barclays analyst Henning Cosman has upgraded Ferrari NV (RACE:IM) from Equalweight to Overweight, setting a price target of EUR 485.00. This upgrade reflects a positive outlook on the luxury automaker's performance in the market.
Rabobank's JP Frossard highlighted key differences in the baking industries of the US and Europe during a recent convention, noting that while Europe sees growth in baked goods through tourism, the US market thrives on retail sales. European consumers favor traditional breads and regional specialties, while North Americans are more adventurous with new products. Automation investments in Europe are driven by an aging population and stable demand, presenting opportunities for US bakers to introduce popular American items like donuts and muffins in the European market.
TikTok Shop is set to expand into France, Germany, and Italy on March 31, aiming to onboard local sellers and enhance its product offerings, including high-end items like second-hand Birkin bags. Notable merchants such as Carrefour in France and AboutYou in Germany will participate in the launch. This European rollout is expected to progress more swiftly than the previous UK launch, amid ongoing scrutiny of TikTok's operations in the US, where potential restrictions loom unless ByteDance divests its American business.
UniCredit S.p.A. experienced a significant decline in short interest, dropping 79.7% to 50,600 shares by March 15, with a short-interest ratio of 0.0 days. The stock traded down 1.5% to $29.46, with a 52-week range of $17.16 to $30.19. Analysts currently hold a "Hold" rating on the stock, suggesting that other investments may be more favorable.
UniCredit SpA has announced a dividend payment of €1.4764 per share. Additionally, shareholders have overwhelmingly approved the Banco BPM offer, receiving 99.88% support for the decision.
President Donald Trump has announced a 25% tariff on auto imports, set to take effect in April, aimed at boosting domestic manufacturing and generating $100 billion annually. While he stated that Tesla CEO Elon Musk did not influence this decision, he suggested the tariffs could be "net neutral or good" for companies with U.S. plants.Tesla has warned the U.S. Trade Representative about potential sourcing challenges for certain components due to the tariffs, which have sparked global outrage and calls for countermeasures from countries like Germany and Japan. The American Automotive Policy Council has urged that tariffs should not burden consumers or harm competitiveness.
UniCredit shareholders approved the bank's pay policy for 2024-2025, despite governance advisers recommending rejection due to CEO Andrea Orcel's significant pay increase. Orcel's compensation rose by 30% to 13.2 million euros last year, with potential earnings of 16.4 million euros in 2025 if targets are met. Approval rates for the pay packages dropped sharply, from 88% to 66.5% for 2025 and from 88% to 65.6% for 2024.
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Ferrari receives upgrade to overweight rating from Barclays
09:30 28.03.2025
barclays upgrades ferrari to overweight amid strong guidance and tariff resilience
08:34 28.03.2025
Barclays upgrades Ferrari stock rating amid tariff challenges and financial targets
08:24 28.03.2025
Barclays upgrades Ferrari to overweight with price target of EUR485
07:14 28.03.2025
global bakery trends reveal opportunities for us and european markets
05:00 28.03.2025
TikTok Shop to expand in Europe amid uncertain US future
02:45 28.03.2025
uniCredit experiences significant drop in short interest and stock trading decline
23:29 27.03.2025
unicredit spA announces dividend payment and shareholder approval for banco bpm offer
22:07 27.03.2025
Trump announces auto tariffs amid mixed reactions from industry and global leaders
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19:57 27.03.2025
unicredit shareholders approve ceo pay increase despite governance concerns
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