FTAI Infrastructure initiated with a Buy at BTIG

BTIG initiated coverage of FTAI Infrastructure with a Buy rating and $10 price target. The company owns a diversified portfolio of U.S. infrastructure assets, including rail, power generation, and oil and gas terminals, the analyst tells investors in a research note. The firm expects FTAI to continue to look to opportunistically buy and sell within its asset portfolio as it seeks to maximize return on capital. Additionally, with the bulk of its existing projects’ spending out of the way, the company will focus on expanding cash flows at its Jefferson oil terminal, Long Ridge, and Repauno natural gas liquids terminal, says BTIG.