'Prime stock to own': Barclays ups Ferrari to 'overweight' after strong Q2
** Barclays upgrades Ferrari RACE.MI to "overweight" from "equal weight" and hikes its PT by 12.5%, a day after the luxury carmaker beat Q2 expectations and raised its 2024 outlook
** Barclays says that while H2 should be weaker than H1 on all metrics, this is now well understood
** It says Ferrari is "among the best stocks to own into 2025" across its coverage
** The Q2 beat came thanks to more expensive models in Ferrari's product range and increased demand for personal touches on cars
** Barclays raises the PT to 450 euros from 400 euros, vs 389.9 euros per share at Thursday's close
** Out of 15 analysts that cover Ferrari, five rate the stock "strong buy" or "buy", nine "hold" and one "strong sell"
Reporting by Enrico Sciacovelli
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