Morgan Stanley analyst Adam Jonas, one of Tesla’s biggest bulls, has just named Ferrari as a top pick for his firm. Morgan Stanley raised its price target on Ferrari to $310 from $280 on Monday, while Jonas set an overweight rating on the company. He notes that the luxury automaker avoids much of the “EV hype and EV risk.
” "We believe RACE is the best positioned company in our coverage in a highly uncertain macroeconomic and geopolitical tape,” wrote Jonas and peers in their note. “In addition…Russia Has Started Exporting Diesel To Saudi Arabia
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