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Enter Symbol:
Rating: CAP
Market Perform $21

CAI INTERNATIONAL INC. (NYSE: CAP) reiterated to Market Perform with price target $21 by Cowen

Monday,  Feb 10, 2014  8:25 AM ET by Betsy O'Brien Harrison

Cowen reiterated CAI INTERNATIONAL INC. (NYSE: CAP) to Market Perform with
price target $21. Previously Cowen reiterated CAI INTERNATIONAL INC. (NYSE: CAP) to Market Perform on 10/29/2013, when the stock price was $23.08.

CAI International, Inc., is a container leasing and management company operating through two segments: container leasing and container management. The Company purchases new containers, leases them to container shipping lines and either retains them as part of its owned fleet or sells them to container investors for whom it then provides management services. In operating its fleet, CAI International leases, re-leases and disposes of containers and contracts for the repair, repositioning and storage of containers. As of December 31, 2008, the Company?s fleet comprised 778,000 trailer equivalent units (TEUs), 68.7%, of which represented managed fleet and 31.3% of which represented owned fleet. On April 30, 2008, the Company acquired CAI Consent Sweden AB (Consent), formerly named Consent Equipment AB, a European container and intermodal equipment leasing company.

Cowen



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