Ferrari - A Race To $25 A Share (46% Downside) - Ferrari N.V. (NYSE:RACE) | Seeking Alpha: "RACE is overvalued. I believe an intrinsic value for RACE is likely somewhere around $25 a share, which would put it in line with its peers and be a more realistic valuation. The IPO that created this overvaluation through a focus on the "Luxury" brand aspect was a farce. Upcoming spin-off should be a negative catalyst for the stock and I expect to see it around $25 a share come February."
'via Blog this'
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