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BofA Securities starts Fincantieri coverage with buy rating, €17 target

Verifying
  • BofA Securities initiated coverage of Fincantieri with a buy rating and €17 price target.
  • BofA forecasts Fincantieri EPS to grow at a 34% annual compound rate through 2030.
  • Fincantieri has nearly €5 billion of naval contracts outside its reported backlog.
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