Ferrari Analysts Are The Most Bullish They’ve Been in Five Years

Analysts are the most bullish they’ve been on Ferrari NV in almost five years, with two more throwing their weight behind the Italian supercar maker on Tuesday.

While Mediobanca upgraded the stock to outperform, Berenberg analysts including Michael Filatov initiated coverage with a buy recommendation, saying the maker of the iconic Testarossa model remains a “compelling long-term investment” due to its association “with exclusivity, performance and status.”