Jones Trading initiated coverage on FTAI Infrastructure Inc. with a Buy rating. The firm established a price target of $8.75, representing significant potential upside.
Analysts project 56% year-over-year AEBITDA growth within the company's rail segment. This forecast follows the recent acquisition of Wheeling & Lake Erie.
FTAI Infrastructure is also finalizing the $1.52 billion sale of its Long Ridge power and gas segment. The deal is expected to yield approximately $300 million in net proceeds.
The company will use these funds to reduce parent-level debt. This deleveraging strategy addresses investor concerns regarding the firm's significant debt load.