Dahlman Rose increased its TAL International TAL price target form $42 to $44 in a research report published today. Dahlman Rose has previously given TAL International a Buy rating.
In the report, Dahlman Rose states, "We believe the company's 1Q11 $450 million investment in containers is not the end of this year's investments. We estimate 2011 investments will be in a range of $700-$900 million. The demand for containers remains strong, and used containers are being re-leased at higher than normal rate, which is also driving revenue growth."
Shares of TAL International were trading at $37.87 at the time of posting, up 3.61% from Wednesday's market close.
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