KBW Downgrading CAI International To Market Perform (CAP)

Keefe Bruyette & Woods is downgrading shares of CAI International Inc. CAP to Market Perform from Outperform, and it has a $28 price target. In a note to clients, KBW writes, "We are downgrading CAI International shares to Market Perform from Outperform on valuation. Although industry fundamentals are very strong currently, we believe this has largely been factored into the share price already. We are raising our 2012 EPS estimate and price target." Shares of KBW gained 77 cents on Friday to close at $26.74, a gain of almost 3%.