Mobile Infrastructure initiated with an Outperform at Barrington

Barrington analyst Kevin Steinke initiated coverage of Mobile Infrastructure (BEEP) with an Outperform rating and $6.50 price target The owner and acquirer of attractive parking assets across major metropolitan markets in the United States currently owns 40 parking assets across 20 metropolitan markets with a meaningful concentration in the Midwest and Southwest, the analyst tells investors. Mobile Infrastructure is “positioned to be the preferred acquirer of parking assets in a large and highly fragmented industry and has a substantial pipeline of acquisition opportunities,” says the analyst, who notes that the firm’s price target represents potential appreciation of 73%.