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Trump auto tariffs may be 'worse' for Ferrari: JPMorgan

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Ferrari stock fell 2% in premarket trading, extending a 3% year-to-date slide.

JPMorgan autos analyst Ryan Brinkman slashed his price target on Ferrari to $ 460 from $ 525 .

Ferrari shipped 13,752 cars in 2024 , up 1% year over year .

About half of all vehicles sold in the US are imported.

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