0853 GMT - Ferrari's valuation is likely to remain on the back foot in the near term, Jefferies analysts write. The company's valuation has contracted from a 2026 price-to-earnings peak of 46.3 times near the end of February last year, to 32.5 times currently. Ahead of full-year earnings and 2026 guidance setting in February, Jefferies believes there may be some slight consensus estimate downgrades. "Earnings revisions are set to keep the investor debate on a circumspect footing." Jefferies rates Ferrari at hold with a 310 euros price target on the stock. Shares fall 0.3% to 320.60 euros. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
January 09, 2026 03:54 ET (08:54 GMT)
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