Jones Trading Initiates FTAI Infrastructure with Buy Rating and $8.75 Target

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Summary · why it matters

Jones Trading initiated coverage on FTAI Infrastructure with a Buy rating and a price target of $8.75, representing a potential upside of 97.07% from current levels. The firm noted the company is working to monetize its Jefferson and Repauno assets, with proceeds likely redirected to its rail segment, and highlighted that shares trade at a significant discount to peers. Management disclosed an agreement to sell Long Ridge to MARA Holdings in a deal valued at $1.52 billion, expected to close in the third quarter, which will bolster cash flow and debt capacity for rail investments.

Impact on assets 3

Digital Finance & Tokenization▲
MARA Holdings Inc
M44
▲ PositiveCapitalrelevance

MARA Holdings is the buyer of Long Ridge asset, a $1.52B deal that benefits FTAI but is not the focus.

Energy Transition & Power Demand▲
FTAI Infrastructure Inc.
FIP
▲ PositiveCapitalrelevance

Analyst initiates Buy rating with $8.75 target, citing asset monetization and discount to peers.