Textainer downgraded to Market Perform from Outperform at Keefe Bruyette

Keefe Bruyette analyst Michael Brown downgraded Textainer to Market Perform from Outperform with a price target of $45, up from $40. Given the still challenged fundamental outlook for containerized trade, the firm believes the stock is due for a “breather” as shares approach fair value. Despite a healthy economic backdrop supported by a still-strong consumer, the fundamental outlook for containerized trade remains soft, the analyst tells investors in a research note.