$1.2 Trillion Infrastructure Deal Funds Roads, Bridges
We are maintaining our fair value estimates for all companies set to profit from the infrastructure bill.
On Nov. 5, the U.S. House of Representatives passed a $1.2 trillion infrastructure bill nearly three months after the U.S. Senate approved its spending package. Lawmakers earmarked approximately $110 billion for spending on new roads, bridges, and other major infrastructure projects. Once signed into law, we believe many of the companies under our coverage will see increased demand for their products and services. That said, our forecasts already account for increased infrastructure spending over the next five years. Therefore, we are maintaining our fair value estimates for all companies set to profit from the infrastructure bill.
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Dawit Woldemariam does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.