Deutsche Bank Starts Fortress Transportation (FTAI) at Buy

Deutsche Bank initiated coverage on Fortress Transportation and Infrastructure (NYSE: FTAI) with a Buy rating and a price target of $22.

Analyst Robert Salmon said, "We view FTAI as a total return vehicle that will consistently grow its dividend as well as benefit from capital appreciation opportunities through active management of its current and future infrastructure and equipment leasing portfolio of assets. FTAI targets investments in equipment leasing portfolios as well as infrastructure assets that generate strong cash flows to support a stable dividend with the potential for earnings growth (predominantly through infrastructure investments and a bigger asset base) that should allow for dividend growth over time."

For an analyst ratings summary and ratings history on Fortress Transportation click here. For more ratings news on Fortress Transportation click here.

Shares of Fortress Transportation closed at $17.08 yesterday.

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