Ferrari's core business model and product momentum appears to be the strongest it has been since Berenberg initiated coverage of the stock in 2025, the German bank's analysts write. There are some indications that the second quarter is shaping up well, they write after attending an investor day. The Italian carmaker could opt to upgrade its 2026 guidance in the third quarter rather then second quarter, they say. This would ensure management has more confidence in its ability to meet or beat its outlook, they add. Shares rise 0.3% to 323.15 euros. ([email protected])