<div id="readability-page-1"><p>01:35 PM EDT, 05/05/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:</p><p>We lower our 12-month price target by $40 to $350, based on a 2027 P/E of 28.5x, a justified discount to RACE's 10-year average forward P/E multiple of 40.6x. We maintain our adjusted EPS estimates of EUR9.70 for 2026 and EUR10.50 for 2027. Following Ferrari's disappointing Q1 results, we are lowering our price target and maintaining our Hold rating. The company's Q1 earnings shortfall was driven by weaker-than-expected margins and it maintained full-year guidance. The miss was uncharacteristic for a company with one of the strongest earnings track records in the industry. In our view, RACE's lack of vehicle sales growth (-4.4% in Q1) continues to present a challenge to margins given the high fixed cost nature of auto manufacturing. Moreover, we continue to have doubts longer-term regarding its planned 2030 portfolio pivot into electric and hybrid vehicles, and view the stock's risk/reward potential as balanced at current levels.</p> <p>MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</p></div>

法拉利

<p>CFRA 对法拉利 N.V.的股票维持持有评级，将 12 个月的目标价格下调 40 美元至 350 美元，原因是第一季度业绩令人失望。分析师指出，利润率下降以及汽车销量下降 4.4% 给盈利能力带来了挑战。尽管对 2026 年的每股收益预期维持在 9.70 欧元，对 2027 年的预期维持在 10.50 欧元，但对公司到 2030 年过渡到电动和混合动力汽车的前景仍然存在担忧。当前水平下，股票的风险/回报潜力被视为平衡</p>

研究警报：CFRA 维持对法拉利 N.V.股票的持有评级