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UPDATE: J.P. Morgan Raises SeaCube Container Leasing's PT

Related BOX
UPDATE: JP Morgan Maintains Neutral on SeaCube Despite Lower-Than-Expected Earnings, Raises PT to $23
UPDATE: Citigroup Downgrades SeaCube Container Leasing to Neutral Following Acquisition

According to a research report published this morning, J.P. Morgan has increased SeaCube Container Leasing's (NYSE: BOX) PT from $17 to $18.

In the report, J.P. Morgan commented, "BOX reported 1Q12 adjusted EPS of $0.62, surpassing our $0.56 estimate as well as consensus ($0.58). Considering the quarter was very straightforward, the primary highlight was the strong level of CapEx commitments YTD 2012. We expect fundamentals to remain favorable for container lessors over the next 12 months, but earnings growth may slow given the aggressive asset growth in 2011. We are maintaining our Neutral rating and raising our 2012 price target to $18 to reflect greater earnings power."

SeaCube Container Leasing is currently trading at $17.80.

Latest Ratings for BOX

DateFirmActionFromTo
Feb 2013JP MorganMaintainsNeutral
Jan 2013CitigroupDowngradesBuyNeutral
Jan 2013JP MorganMaintainsNeutral

View More Analyst Ratings for BOX
View the Latest Analyst Ratings

Posted-In: J.P. MorganAnalyst Color Price Target Analyst Ratings

 

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