UPDATE: Dahlman Rose & Co. Increases PT on Textainer Group Holdings Limited to $49

According to a research report this morning, Dahlman Rose & Co. increases the PT of Textainer Group Holdings limited

reflecting a strong 1Q12 that exceeded expectations. Dahlman Rose & Co stated, “Textainer placed $658 million in new container orders to be delivered over the next few months. This CAPEX level is well ahead of last year's levels, and puts the company on pace to invest in +$850 million in new containers. The industry saw close to no ordering of containers in January and February, and then saw a significant uptick during March and April. Containerized trading is expected to increase by 6% to 7% in 2012, which could be conservative if we see a strong peak shipping season.” Textainer Group Holdings closed yesterday at $36.80 as Dahlman Rose & Co. reiterates its Buy rating.