Goldman Sachs initiated coverage of GATX (GATX) with a Buy rating and $185 price target The company is a pure-play railcar lessor and longstanding leader in the railcar leasing industry, the analyst tells investors in a research note. The firm says GATX has a solid execution track record with consistently high lease-fleet utilization across a diverse group of railcars, countries, and customers.
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Read More on GATX:
- North American rail traffic down 0.8% for the week ending November 9
- North American rail traffic up 5.9% for the week ending November 2
- North American rail traffic up 3.1% for the week ending October 26
- North American rail traffic down down 0.6% for the week ending October 19
- GATX price target raised to $150 from $140 at Susquehanna
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
