DA Davidson Reiterates Buy Rating on WillScot Mobile Mini Holdings Corp. (WSC)

DA Davidson analyst Brent Thielman reiterated a Buy rating and $47.00 price target on WillScot Mobile Mini Holdings Corp. (NASDAQ: WSC)

The analyst comments "Off the termination of the MGRC transaction, we highlight our takeaways. Reallocation of capital toward buybacks seems logical here given where WSC currently trades. Regulatory pushback lends questions around future scaled transactions in existing core verticals, although doesn't preclude adjacent areas the company could go. Our PT remains $47 (11x 2024/2025 EBITDA estimates) as certain macro conditions (Storage UOR pressure) still represent an overhang; valuation still isn't onerous with eyes on next growth opps. mgmt. likely identifies. We are BUY."

For an analyst ratings summary and ratings history on WillScot Mobile Mini Holdings Corp. click here. For more ratings news on WillScot Mobile Mini Holdings Corp. click here.

Shares of WillScot Mobile Mini Holdings Corp. closed at $40.19 yesterday.

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