(Finance) – Analysts of Mediobanca raise the objective price of Fincantieri 30% bringing it to 10 euros from 7.50 euros.
The group led by Ad Pierroberto Folgiero presented the results 2024 on Monday, which according to Mediobanca analysts “showed solid growth in terms of profits, in particular as regards the orders acquired, and a faster reduction in debt”.
The new objectives for 2025 – reads the report – “represent an improvement compared to the long -term forecasts initially provided with the industrial plan of December 2022”.
Remembering the rally that since mid -2024 sees the title of Fincantieri at +160%, analysts also focus on the current geopolitical context, “which should continue to support the global defense budgets and, in particular, a higher share of expenditure for naval forces”.
The rise of the Target Price of Mediobanca follows those of Equita Sim and Stifel (+92%) arrived on Tuesday and brings the average target price of Fincantieri to 10.64 euros.