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Ferrari reports strong quarterly earnings, beating analyst estimates, as major investors adjust their stakes.
Ferrari N.V. saw a 13% rise in quarterly revenue and earnings per share of $2.42, beating analyst estimates.
Benchmark Financial Wealth Advisors LLC reduced its holdings by 25.5%, while Fifth Third Bancorp and Perigon Wealth Management LLC increased their stakes.
Ferrari's stock is rated 'Moderate Buy' with a price target of $526.25, according to MarketBeat.
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Ferrari reporta fuertes ganancias trimestrales, superando las estimaciones de los analistas, a medida que los principales inversores ajustan sus apuestas.