UPDATE: Deutsche Bank Raises PT on Textainer Group Holdings to $30

Deutsche Bank is out with its report today on Textainer Group Holdings TGH, raising its PT to $30 from $29. In its report, Deutsche Bank writes, "We are raising our 2011 and 2012 EPS estimates to $3.25 and $3.37 from $3.09 and $3.24 respectively. Our revised estimates are result of the sale of the minority stake of TMCL, the Q2 beat as well as updated and lowered expense assumptions. Our price target of $30 was modestly raised from $29 assuming our unchanged 9.0x P/E multiple and 2012 EPS estimate." Deutsche Bank maintains Hold on TGH. Shares of TGH closed Tuesday at $23.29, up 14.79% from Monday's close.