BTIG raised the firm's price target on FTAI Infrastructure to $10 from $9 and keeps a Buy rating on the shares. The company's EBITDA run rate looks poised to finally step up, and while the acquisition of the outstanding 50% stake in Long Ridge should add about $60M in EBITDA this year, FTAI should also get an incremental $30M in annual capacity reserve payments from PJM starting June 1st, the analyst tells investors in a research note.
