UPDATE: Sterne Agee Reiterates Buy Rating, Raises PT on TAL International Group on Strong 2013 Start
In a report published Friday, Sterne Agee reiterated its Buy rating on TAL International Group (NYSE: TAL), and raised its price target from $46.00 to $51.00.
Sterne Agee noted, “TAL started the year strong on the investment side, announcing that its YTD capex is already $200M. We believe that solid container trade growth and an increasing shift from owning to leasing containers could potentially drive another year of $800M capex for TAL in 2013, driving strong asset growth. We are raising our estimates and price target.”
TAL International Group closed on Thursday at $45.62.
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