Hanson & Doremus bought Ferrari shares, despite the company missing Q3 earnings estimates.

Hanson & Doremus Investment Management recently bought shares of Ferrari, joining other firms that have increased their stakes. Despite missing analyst estimates, Ferrari reported Q3 earnings of $2.08 EPS and $1.64 billion in revenue. Analysts have given the company a "Moderate Buy" rating with a target price of $507.14. Ferrari designs and sells luxury sports cars and has a market cap of $105.38 billion.

2 months ago
4 Articles

Further Reading