GATX price target raised to $150 from $140 at Susquehanna

Susquehanna raised the firm’s price target on GATX (GATX) to $150 from $140 and keeps a Neutral rating on the shares. The firm said they see no nearer-term storm clouds in sight for the company’s global portfolio of rail and aircraft leasing businesses, where N.A. rail could see 20%+ renewals into 2026, ex-recession. They raise their forecasts as lease rate upside compounds, but wait patiently for a better entry point.