Jones Trading initiated coverage on Keel Infrastructure Corp. (NASDAQ:KEEL) with a "Buy" rating. It set a price target of $7.50 per share.
The firm's positive outlook stems from significant demand for digital and energy infrastructure supporting the artificial intelligence sector. Jones Trading noted Keel's asset portfolio is well-positioned for AI infrastructure development.
Keel Infrastructure transitions from Bitcoin mining to developing high-performance computing and AI data centers across North America.