Textainer Group Holdings (TGH) Misses Q1 EPS by 1c

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Textainer Group Holdings (TGH) PT Lowered to $21 at Cowen; Reiterates Outperform

May 5, 2017 8:49 AM EDT

Cowen lowered its price target on Textainer Group Holdings (NYSE: TGH) to $21.00 (from $22.00) while maintaining a Outperform rating. Textainer lowered their residual values in 3Q16 which resulted in $10MM of higher depreciation per quarter. Without this increased depreciation, Textainer would have been profitable in... More