UPDATE: KeyBanc Upgrades GATX Corporation to Buy on Diversification and Exposure
KeyBanc raises its rating on GATX Corporation (NYSE: GMT) from Hold to Buy and establishes a price target of $45.
KeyBanc notes, "We are upgrading GMT to BUY from HOLD with a $45 price target following our 3rd annual Railcar Panel Discussion in Chicago. Our panel consisted of representatives from GMT, FreightCar America, Inc. (RAIL-NASDAQ), TRN, First Union Rail and a private scrap steel company. Following the panel we are maintaining our BUY rating for TRN due to its lease fleet exposure and segment diversification."
GMT closed at $38.50 on Friday.
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