"The growth of the consumer classes in China, Brazil, the Indian subcontinent and the Middle East argues for more containers as goods move around the world," the brokerage said in a note.
The brokerage started coverage of San Francisco-based CAI International Inc , which leases large steel boxes to ship freight by plane, train, or truck, and said CAI has room aplenty for upside as it begins to shift from a United States company to a Bermuda-based company.
"All new containers are going into CAI's Bermuda-based offshore subsidiary, which is having the effect of reducing the company's tax rate," it said.
Dahlman Rose also raised Textainer Group , TAL International and Seacube Container Leasing to "buy" ratings, and expects prices in the sector to hold up despite lower utilization rates.
"Rates will continue to follow steel prices, and with steel prices currently moving up rates should follow suit," it said. (Reuters)
