Fincantieri: I Was Right To Wait (Rating Upgrade)
Fincantieri S.p.A. has received a rating upgrade to 'Buy' with a target price of €13.5 per share. The company is experiencing a record backlog and improved margins, although it faces challenges such as revenue declines and shareholder dilution following a significant capital raise. Overall, the fundamentals suggest a potential for attractive returns despite the volatility.
- ▪Fincantieri S.p.A. is upgraded to 'Buy' with a new price target of €13.5 per share.
- ▪The company has a record backlog and improved margins, but faces revenue declines.
- ▪A €500M capital raise has led to significant shareholder dilution.
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