Citi lifts GATX rating to 'buy' on end markets strength

ReutersApr 8, 2026 11:20 AM

Citi lifts railcar lessor GATX GATX.N to "buy" from "neutral", raises price target to $211 from $210 earlier

New PT represents a 19.5% premium on stock's last close

Brokerage says co's diverse end markets and favorable industry supply/demand support earnings stability

Says the Iran conflict does not appear to have driven material change with GATX's lessees

Brokerage adds that GATX's fleet remains ~90% utilized and its renewals remain strong

As of last close, shares were up about 4.1% YTD

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