UPDATE: Citigroup Downgrades SeaCube Container Leasing to Neutral Following Acquisition
Posted on January 22, 2013 at 07:49 AM EST
Citigroup downgraded SeaCube Container Leasing (NYSE: BOX ) from Buy to Neutral and raised the price target from $21.00 to $23.00. Citigroup commented, "SeaCube's Board agreed to be acquired by Ontario Teachers Pension Plan for $23 per share in cash, 13% above Friday's $20.30 closing price and 130% above the