GATX price target raised to $176 from $174 at Goldman Sachs

Goldman Sachs raised the firm’s price target on GATX (GATX) to $176 from $174 and keeps a Buy rating on the shares. The company’s Q1 earnings beat reflected higher-than-forecast combined segment-level profits between Rail North America, Rail International, and GATX Engine Leasing, the analyst tells investors in a research note. Net gains on asset dispositions in the quarter were also about 23% higher than the firm’s, highlighting the still-strong secondary market, Goldman added.