The official Ferrari (NYSE:RACE) importer, Cavallino Motors, recently staged the launch event for the Ferrari Roma, the latest grand touring car from Maranello.
The timeless beauty and elegance of the new Ferrari model was revealed online via a live streaming event
Voravud Bhirombhakdi, Vice President of Cavallino Motors Co. Ltd., talked about the latest concept of the newly-renovated Ferrari showroom that is now fully ready to serve customers.
“The new showroom has been created in harmony with the Ferrari Corporate Identity that consists of three important characteristics for Ferrari showrooms worldwide,” he said.
Our overall technical outlook is Bullish in here, as all Key indicators are Bullish to Very Bullish as it approaches its all time highs at 179.21 marked on 18 February 2020.
Ferrari (NYSE:RACE) finished Wednesday at 169.81, +0.12 in NY.
The Maranello Outfit’s shares were raised to Buy from Hold at HSBC.
Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I have called it at it at 200+/share long term, adjusting it to 200/share short term (after the virus) and siding with BAML to 230 long term for now. The stock is now considered defensive in the sector.
Have a healthy day, Keep the Faith!