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Fly News Breaks for January 25, 2017
CAI, TGH, TRTN
Jan 25, 2017 | 07:28 EDT
SunTrust analyst Douglas Mewhirter raised his price targets on several container leasing companies ahead of their Q4 results. Given recent increases in new box prices and what he sees as more favorable supply/demand trends, the analyst decided to switch to a less conservative GAAP method of calculating book value from his previous runoff value method. Mewhirter increased his price target on Triton International (TTRTN) to $26 from $22, on Textainer (TGH) to $16 from $9.50, and on CAI International (CAI) to $18 from $10, The analyst expects the companies' Q4 results to be "volatile," but adds that their commentary should be "positive."
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