1308 GMT - Ferrari could report a solid second quarter, with an EBIT margin of 30.5% versus consensus at 30.6% and compared with 29.7% in the first quarter, Bank of America Securities analysts write. The bank expects support from a stronger product mix and slightly higher average selling prices. Volumes should be slightly down, as the 296 GTB phases out and the 849 Testarossa and Amalfi are only starting to phase in. "We expect a modest FY26 guidance raise, likely on revenues and possibly on EBIT margin." The company has announced a new limited edition 12Cilindri Manuale, which should help offset risk from the Luce electric-vehicle, BofA adds. The bank raises its price objective on the stock to 400 euros from 350 euros and keeps at buy. Shares rise 2.3% to 338.90 euros. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

July 06, 2026 09:08 ET (13:08 GMT)

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