Maranello Magic: Ferrari is an ‘n of 1’

Adam Jonas, CFA – Morgan Stanley Ferrari 2Q results were modestly higher vs. consensus while increasing confidence in unchanged outlook. While consensus may not move on the print, we’d use any weakness in the stock to increase exposure to the name. Reiterate OW. Key 2Q Numbers Revenue of €1,787mn missed vs. cons of €1,809mn and MSe of €1,794mn. ASPs of […]