Ferrari NV (RACE) Update: Floor It

Ferrari NV (RACE) Update: Floor It by Greenwood Investors We’ve posted a new note in The Grove updating our research on Ferrari. Given disclosures made by the company over the last month, we’ve upgraded our near-term earnings profile of Ferrari.  We now expect EBIT to double in the next 12 months, and surpass €1 billion by 2017, two years earlier than we had initially expected. By next year, Ferrari will have best-in-class EBIT margins, besting out LVMH, Prada, Richemont and Burberry. We’ve also included more information on the jet/helicopter interiors market, which Ferrari will be entering by 2017. We believe the company will…