The Ferrari (NYSE:RACE) Portofino prototipo spy shots show a refreshed front end treatment and that’s all, as only covered covered the front fascia.
Looking closely at the nose, we see that the headlights have been changed. They do not rise up at the corners like the current Supercar, and in fact the inner corners dip down slightly toward the grille. They are well-integrated not only afterthoughts on any old test car.
The rest of the car is identical to the current Portofino, so while there is evidence of a refresh, it should be a mild one.
That would make sense, as the Portofino was introduced at the end of Y 2017. As such, some updates would not be unusual, but no need for a major design workover.
It is possible that the updated car could come with an updated powertrain too.
The Roma shares the same wheelbase as the Portofino, and it got a twin-turbo 3.9-liter V8 making 611 hp and 561 pound-feet of torque. That would be a nice improvement, and likely easy fit, for the Portofino, which makes 592 hp and 560 pound-feet of torque from its twin-turbo 3.8-liter V8. If this refreshed Supercar happens, we will probably see it late this year or early next.
Our overall technical outlook is Bullish to Very Bullish in here, 3 of my 3 Key indicators are now Very Bullish.
Ferrari finished at 157.25, +1.39 Wednesday
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.
Have a healthy weekend, Keep the Faith!