Ferrari: De-Risked Setup, Reset Year Ahead, Valuation Back In Play (Rating Upgrade)

Core Insights - The analysis of Ferrari N.V. (RACE) has been revisited after one year, indicating that the company remains a focus despite not being analyzed recently [1] - The decision to remain on the sidelines regarding investment in Ferrari has proven to be prudent [1] Company Analysis - The company has been under continuous internal coverage, suggesting ongoing interest and monitoring of its performance [1] - The previous note on Ferrari indicated a cautious approach, aligning with the broader sentiment in the investment community [1] Market Context - The commentary reflects a broader trend among buy-side hedge professionals who are conducting fundamental, income-oriented, long-term analysis across various sectors in developed markets [1]