TD Cowen Downgrades GATX to Market Perform, Raises Price Target to $137
Portfolio Pulse from richadhand@benzinga.com
TD Cowen analyst Matt Elkott has downgraded GATX (NYSE:GATX) from Outperform to Market Perform, while raising the price target from $135 to $137.
July 26, 2023 | 9:58 am
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GATX has been downgraded to Market Perform by TD Cowen, but the price target has been raised to $137.
The downgrade to Market Perform suggests that the analyst believes GATX's stock will perform similarly to other stocks in the market, rather than outperforming them. However, the raised price target indicates an expectation of some price appreciation. The net impact on the stock is likely to be neutral in the short term.
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