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Enter Symbol:
Rating: TAL

Tal International Group, Inc. (NYSE: TAL) reiterated to Neutral by BofA/Merrill

Monday,  Nov 16, 2015  5:25 PM ET by Dave Ficere

BofA/Merrill reiterated Tal International Group, Inc. (NYSE: TAL) to
Neutral. Previously BofA/Merrill rated Neutral Tal International Group, Inc. (NYSE: TAL) on 07/10/2013, when the stock price was $41.34.

TAL International Group, Inc. (TAL) is a lessor of intermodal containers and chassis. The Company operates in the intermodal transportation equipment industry, and has two business segments: Equipment Leasing and Equipment Trading. Under the Equipment Leasing Segment, TAL owns, leases and disposes of containers and chassis from its lease fleet, as well as manages leasing activities for containers owned by third-parties. Under the Equipment Trading Segment, the Company purchases containers from shipping line customers, and other sellers of containers, and resell these containers to container traders and users of containers for storage or one way shipment. As of March 31, 2008, its total fleet consisted of 756,321 containers and chassis, including 33,539 containers under management for third parties, representing 1,224,452 twenty-foot equivalent units (TEU). TAL operated its business through 20 worldwide offices located in 11 different countries as of December 31, 2008.


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