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Fly News Breaks for November 5, 2019
TGH
Nov 5, 2019 | 07:53 EDT
As reported previously, Cowen analyst Helane Becker downgraded Textainer to Market Perform from Outperform. The analyst said the company is seeing a drop in utilization rate as there continues to be more returned containers than lease outs. she said the company is buying back stock but believes they should be more aggressive. Becker lowered her price target to $11 from $13 on Textainer shares.
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