Bank downgrades Ferrovial stock over I-24 toll lane bid

By: Sam Stockard

Outlets: Tennessee Lookout

Published: September 2, 2026

Words: 680

Last Updated: 1 week, 5 days ago

Body Text Preview

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” from “buy” in a new analysis, mainly because the company guaranteed the state nearly $25 billion in payments …

Create a free account to access this story and more

Join Plucky Wire to access full stories, collaborate with newsrooms, and discover content from networks around the world.

About

FAQ

Email Us