Bank downgrades Ferrovial stock over I-24 toll lane bid
An international bank downgraded the stock for Spanish construction firm Ferrovial, a key player in the DriveTN group that won the bid for Tennessee’s I-24 toll lane project, citing “higher risks” associated with a promised payment to the state that dwarfed competitors’ efforts to win the job. Switzerland-based UBS lowered the company’s stock to “neutral” […]
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