Jefferies Upgrades Ferrari to 'Buy' on Strong Growth and Pricing Power

Jefferies analysts have upgraded Ferrari (RACE) to a 'Buy' rating, signaling increased confidence in the luxury automaker's financial trajectory. The investment bank anticipates high single-digit growth for the company, driven primarily by its significant pricing power and improving profit margins. According to the report, this upgrade reflects Ferrari's unique resilience and its ability to maintain stable demand despite volatile market conditions. Analysts believe that the combination of a robust order book and strategic market positioning justifies a more bullish outlook on the equity. Consequently, the move by Jefferies is expected to drive renewed buying interest in Ferrari shares across international exchanges. This positive assessment reinforces Ferrari's status as a top performer within the global luxury goods sector.