Jul. 15 at 11:29 AM
$FIP FTAI Infrastructure transferred with an Outperform at Citizens
Citizens transferred coverage of FTAI Infrastructure with an Outperform rating and
$10 price target. The firm launched coverage on the transportation, logistics and services group with a mix of Outperform and Market Perform but no Underperform ratings. Citizens sees an acceleration of the sector's earnings recovery and momentum through late 2027. The firm's top large cap picks are FTAI Aviation, Union Pacific, FedEx and CH Robinson. Its top mid- and small-cap picks are GXO Logistics, U-Haul, Knight-Swift, Wabash and Covenant Logistics. The early phase of an economic recovery is "one of the best windows of the cycle to own our covered names," the analyst tells investors in a research note.
