UPDATE: Dahlman Rose & Co. Increases PT on Textainer Group Holdings Limited to $49
According to a research report this morning, Dahlman Rose & Co. increases the PT of Textainer Group Holdings limited (NYSE: TGH) reflecting a strong 1Q12 that exceeded expectations.
Dahlman Rose & Co stated, “Textainer placed $658 million in new container orders to be delivered over the next few months. This CAPEX level is well ahead of last year's levels, and puts the company on pace to invest in +$850 million in new containers. The industry saw close to no ordering of containers in January and February, and then saw a significant uptick during March and April. Containerized trading is expected to increase by 6% to 7% in 2012, which could be conservative if we see a strong peak shipping season.”
Textainer Group Holdings closed yesterday at $36.80 as Dahlman Rose & Co. reiterates its Buy rating.
Latest Ratings for TGH
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Dec 2020 | B. Riley Securities | Initiates Coverage On | Buy | |
| Oct 2020 | Keefe, Bruyette & Woods | Upgrades | Market Perform | Outperform |
| Nov 2019 | Cowen & Co. | Downgrades | Outperform | Market Perform |
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted-In: Dahlman Rose & Co.Analyst Color Reiteration Analyst Ratings
