Morgan Stanley analyst Adam Jonas, one of Tesla’s biggest bulls, has just named Ferrari as a top pick for his firm. Morgan Stanley raised its price target on Ferrari to $310 from $280 on Monday, while Jonas set an overweight rating on the company. He notes that the luxury automaker avoids much of the “EV hype and EV risk.” "We believe RACE is the best positioned company in our coverage in a highly uncertain macroeconomic and geopolitical tape,” wrote Jonas and peers in their note. “In addition…
