Jefferies Maintains a 'Buy' on CAI International (CAP); Remain Bullish As Momentum Continues

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Jefferies maintains a 'Buy' on CAI International (NYSE: CAP) price target of $28.00 (from $27.00).

Analyst, Daniel Furtado, said, "CAP's 2Q12 diluted EPS of $0.77 was $0.06 ahead of the Street's estimate and $0.03 ahead of JEF's estimate. Core rental revenue was in line with our estimate with most of the beat from better than expected operating expenses. Management remains bullish about 2012, guiding for higher utilization and record setting total year capex."

FY12 EPS estimate raised from $3.09 to $3.12 and FY13 from $3.47 to $3.50.

For an analyst ratings summary and ratings history on CAI International click here. For more ratings news on CAI International click here.

Shares of CAI International closed at $19.28 yesterday, with a 52 week range of $10.64-$21.99.

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