Ferrari tempers 2020 expectations with cautious upgrade
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MILAN (Reuters) - Demand for Ferrari's Portofino and 812 Superfast models helped the Italian supercar maker hit profit targets for last year though it only a provided cautious upgrade to its outlook for 2020.Ferrari said it planned to boost adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) to 1.38 billion-1.43 billion euros this year above a previous target 1.3 billion euros given in 2018, disappointing some.Ferrari shares were 1.4% lower at on the Milan stock..