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Ferrari getting upgraded to overweight from equal weight at Barclays. And the analyst says they previously downgraded the stock, but now they see a good entry point. Shares have fallen around 7% over the last month. The firm also notes the luxury automaker confirmed its guidance despite President Trump’s announcement of 25% tariffs on all cars not made in the US. Ferrari says prices will not change for cars imported before April 2nd, and they will not change for certain models, no matter when they arrive. Other models may see a 10% price increase depending on new import costs. Next up, Tesla, getting a price target cut at Deutsche Bank. The analyst reiterating his buy rating, but reduced his price target to $345 a share, down from $420 a share. That’s upside still of around 26% from Thursday’s close. The firm sees first quarter deliveries coming in below estimates, which would represent an 11% loss from the prior year. The analyst says that likely means auto margins will be under greater pressure. Deutsche Bank writes that Tesla has been under pressure recently, driven by weaker auto volumes, broader derating and growth assets, and to some extent, political and policy uncertainty. The firm thinks the EV maker will likely see minimal impact from current tariff guidelines.
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