Deutsche Bank Downgrades GATX Corp. (GMT) to Hold; Weak Near-Term Outlook

Deutsche Bank downgraded GATX Corp. (NYSE: GMT) from Buy to Hold. PT cut to N$126.

Deutsche analyst said, "We lower our FY11 earnings forecast for GMT by 22%, mainly due to a weaker-than-expected GM outlook. Hence, we downgrade GMT and cut our target price. Although we think GMT’s long-term outlook remains healthy, we would like to take a step back for a reality check, in order to allow our conviction regarding new product contributions and cost reductions to rise again."

For more ratings news on GATX Corp. click here and for the rating history of GATX Corp. click here.

Shares of GATX Corp. closed at $41.32 yesterday.

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