Ferrari Shares Rise After HSBC Upgrade

MT Newswires Live

10/03

Ferrari's (RACE) shares were up more than 2% in recent Thursday trading after HSBC upgraded the luxury carmaker's stock to buy from hold and lifted its price target on Milan-listed shares to 470 euros ($551) from 413 euros.

Intraday trading volume for NYSE-listed shares stood at 321,550 shares compared with a daily average of 398,306.

Price: 501.69, Change: +11.45, Percent Change: +2.34

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