Management's clarification of Ferrovial's I-24 project economics should remove a major credibility overhang. That adds a potential catalyst to the earlier case that the stock was dislocated as investors avoided long-duration quality names. x.com 

European equities offer relatively low cross-region valuations alongside excellent fundamentals across infrastructure, aerospace, space and defense, financials and other industrial segments. This is the most bullish outlook on the region since after Liberation Day last year. Ferrovial, Societe Generale, RWE, OHB, BNP Paribas and Nexans are named as expressions of that view. x.com