Susquehanna analyst Bascome Majors upgraded GATX (GATX) to Positive from Neutral with a price target of $190, up from $180. The firm sees the company benefiting from improving railcar leasing fundamentals. Railcar fundamentals should remain constructive into 2026 due to constrained supply and the market underestimates the Wells deal’s boost to GATX’s earnings, the analyst tells investors in a research note. Susquehanna believes constrained new car production and high new car prices should support elevated railcar sales.
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