$FER

Ferrovial is nearing completion of a $9.2B project for Nashville's I-24 Choice Lanes, citing strong regional economic and demographic growth to support long-term traffic demand. The company expects to finalize financial details soon, with dynamic tolling and a revenue-sharing model. Ferrovial holds a 65% stake and targets a double-digit equity IRR. The project is expected to be funded through operations and corporate debt, without requiring a capital increase.

J.P. Morgan downgraded Ferrovial to 'neutral' and cut its price target to €50 from €65, citing concerns over the I24 project's cost and risk. The project's $24.8B concession value is higher than rivals' bids, and Ferrovial shares have fallen 16% since the win. J.P. Morgan also warned of potential downside if Ferrovial wins the I285 East project in Georgia.

Ferrovial (FER) shares fell 1.3% to €45.455 after JPMorgan downgraded the stock to Neutral, cutting its price target to €50 from €65. The downgrade cited concerns about the economics of the I-24 Southeast Choice Lanes concession in Tennessee, where Ferrovial's bid was significantly higher than competitors. The stock hit a 52-week low of €45.39, contrasting with the broader Spanish market's gain.

Ferrovial, a global infrastructure company, reached commercial close with the Tennessee Department of Transportation for the I-24 Southeast Choice Lanes project in Nashville. The Ferrovial-led DriveTN consortium will finance, design, build, operate, and maintain the lanes under a 50-year concession. The project aims to improve mobility and drive economic growth in the region. Ferrovial shares trade under the ticker symbol FER on Nasdaq and the Spanish Stock Exchanges.

Ferrovial uses three autonomous Caterpillar rollers for a $239M runway project in Puerto Rico. The AI-powered machines improve productivity and safety, supervised by one operator. Industry collaboration is expected to accelerate adoption of such tech.

Ferrovial (FER) was selected for a $9.2B Tennessee highway project, its largest public-private partnership. The company reported a 21.6% rise in adjusted EBITDA to €746M for H1 2023, with U.S. highways contributing significantly. Net profit fell to €258M from €540M in H1 2022, partly due to prior asset gains. Ferrovial's order book reached €18B, with North America accounting for 47.9%.

UBS downgraded Ferrovial to a 'Neutral' rating and reduced its price target. The move comes after the company's recent win of a $9.2 billion transportation project in Tennessee, US. Ferrovial's stock has seen a 5-day change of -3.60% and a year-to-date change of -5.08%.

Ferrovial stock rose 3.4% to €56.97 after its consortium, DriveTN, won a $9.2B contract to develop I-24 Southeast express lanes in Nashville. The project aligns with Ferrovial's strategic focus on North American managed-lane infrastructure, following strong H1 2026 earnings. The gain was driven by company-specific news, not broader market trends.

Ferrovial, a global infrastructure company, was selected to deliver Tennessee's $9.2B I-24 Southeast Choice Lanes project, the largest private investment in the state's history. The project, a public-private partnership, will add choice lanes along a 26-mile corridor, improving mobility in the Nashville region. Ferrovial, along with consortium partners, will finance, design, build, operate, and maintain the project, which is expected to generate $24.8B in concession value for Tennessee. The comp

Madridejos said the company has shifted its approach at the 407 ETR toward combining toll pricing with selective promotions to maximize EBITDA, manage congestion and reduce Schedule 22 payments. He said promotions will remain part of the company's strategy even independently of Schedule 22 requirements, though Ferrovial does not plan to disclose the share of traffic generated through promotions.