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Ferrari's Market Value Gallops Right Over Former Parent Fiat Chrysler — Here's Why

Ferrari NV (RACE) has overtaken its former parent Fiat Chrysler Automobiles NV (FCAU) in market cap by more than $2.2 billion, Bloomberg reported.

Ferrari, which split off from Fiat Chrysler in January 2016, has a market value of $20.89 billion. Fiat Chrysler's market cap is about 11% smaller at $18.63 billion.

The gap between the companies is set to widen, according to brokerages including UBS Group AG, Banca IMI SpA and Banca Akros SpA, which have all increased their price target for Ferrari by 25% or more.

Fiat Chrysler...


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