11:30 AM EST, 11/04/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We maintain our 12-month target at $350, based on a 2026 P/E of 30x, a justified discount to RACE's 10-year average forward P/E multiple of 40x. Our adjusted EPS estimates increase to EUR8.95 from EUR8.80 for '25, to EUR10.25 from EUR10.15 for '26, and we introduce '27 at EUR11.00. RACE posted Q3 adjusted EPS of EUR2.14 vs. EUR2.08 (+3%), ahead of the EUR2.04 consensus. The beat was supported by a stronger-than-expected top line, as net revenue rose 7.4% to EUR1.77B (EUR55M ahead of consensus) on higher prices and a 0.5% increase in shipments. RACE's EBIT margin was flat at 28.4% (10 bps above consensus). RACE maintained 2025 guidance, which implies Q4 revenue and adjusted EPS of at least EUR1.76B and EUR1.98, respectively, well short of the current consensus expectations of EUR1.83B and EUR2.23. We remain at a Sell given ongoing concerns regarding multiple contraction, slowing growth, and its 2030 plan in which it is targeting a vehicle portfolio of 40% hybrid and 20% electric vehicles.