Citi lifts GATX rating to 'buy' on end markets strength

GATX

08/04/2026 12:20

** Citi lifts railcar lessor GATX GATX.N to "buy" from "neutral", raises price target to $211 from $210 earlier

** New PT represents a 19.5% premium on stock's last close

** Brokerage says co's diverse end markets and favorable industry supply/demand support earnings stability

** Says the Iran conflict does not appear to have driven material change with GATX's lessees

** Brokerage adds that GATX's fleet remains ~90% utilized and its renewals remain strong

** As of last close, shares were up about 4.1% YTD

 (Reporting by Parth Chandna)

 ((Parth.Chandna@thomsonreuters.com;))