<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 對法拉利 N.V.的股票維持持有評級，將 12 個月的目標價格下調 40 美元至 350 美元，原因是第一季度業績令人失望。分析師指出，利潤率下降以及汽車銷量下降 4.4% 給盈利能力帶來了挑戰。儘管對 2026 年的每股收益預期維持在 9.70 歐元，對 2027 年的預期維持在 10.50 歐元，但對公司到 2030 年過渡到電動和混合動力汽車的前景仍然存在擔憂。當前水平下，股票的風險/回報潛力被視為平衡</p>

研究警報：CFRA 維持對法拉利 N.V.股票的持有評級