Ferrari shares have struggled of late. Morgan Stanley says concerns are overblown

Ferrari is likely to regain ground as the Italian company blows past concerns over its latest product offerings and broader growth prospects, according to Morgan Stanley. The investment bank upgraded the carmaker to overweight from equal-weight. It also raised its price target on shares to $438 from $388, implying 23% from Friday's close. "The de-rating now overstates brand risk," analyst Edouard Aubin said Monday in a note to clients. …