UPDATE: Stifel Nicolaus Initiates GATX Corporation at Buy on on Tank Car Leasing Outlook
Stifel Nicolaus initiated coverage on GATX Corporation (NYSE: GMT) with a Buy rating and a $52.00 price target.
Stifel Nicolaus said, "As the second largest independent railcar leasing company in the U.S., and also the second largest lessor of tank railcars, we believe the company is, on a relative basis, uniquely positioned to take advantage of demand for tank railcars by shippers in the petroleum and chemical industries."
GATX Corporation closed at $45.61 on Thursday.
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