Stellantis and Ferrari run, boosted by Goldman Sachs ratings

(Il Sole 24 Ore Radiocor) - A session under the spotlight for the Agnelli galaxy's auto stocks, Stellantis (+3.5%) and Ferrari (which fell back to -0.8% at the end), after a series of reports. Influencing both performances, which have been positive since the early stages of the session, as we were saying, were some analyses on the securities by Goldman Sachs and the Santander bank, which gave positive ratings to the two companies of which Exor, the Agnelli-Elkann family's financial company, is the main shareholder.

Firstly, Goldman Sachs gave a 'Neutral' recommendation on Stellantis, calculating a target price higher than the current quotations and amounting to EUR 9. The investment bank also recommended buying the shares of the cavallino rampante ("Buy"), estimating atarget price at EUR 391. Santander also started coverage on Ferrari, with a 'Buy' recommendation and a higher price target of USD 494 (about EUR 428).

Meanwhile, Ferrari's plan for the M-Tech Alfredo Ferrari educational hub, which will open in 2029, was presented in Maranello last week. "It will be a state-of-the-art hub, providing technical knowledge for a new era, training and inspiring new generations of engineers, technicians and innovators," said Ferrari chairman John Elkann.