Jefferies Maintains Hold Rating On Textainer (TGH)

In a recent report, Jefferies has maintained a hold rating on Textainer TGH and a price target of $34.00 after EPS for 1Q were in-line with estimates. In the report, Jefferies said, "Management expressed optimism about the global trade environment and are bullish about container growth opportunities. During 1Q11, management hired an experienced reefer container manager and as such we believe the Company will look to expand their reefer fleet in the second half of the year." Textainer closed yesterday at $33.22.