Jefferies raised Fincantieri (BIT:FCT) to "buy" with a €19 price target, implying ~41% upside from €13.50.
The shipbuilder completed a €500 million rights issue, strengthening its balance sheet ahead of the 2026‑2030 plan.
Fincantieri ended 2025 with a record €63.2 billion backlog, €117 million net profit and €20.3 billion order intake.
EBITDA is forecast at €700.9 million in 2026 rising to €1.25 billion by 2030; net‑debt/EBITDA to drop from 2.6× to 1×, dividends may resume 2028.