KeyBanc Downgrades Mobile Mini (MINI) to Sector Weight

KeyBanc downgraded Mobile Mini (NASDAQ: MINI) from Overweight to Sector Weight and removed its price target. Analyst Joe Box tied the downgrade to valuation.

"We are downgrading MINI to Sector Weight due to: 1) nascent portable storage risks and potentially moderating revenue growth rates; 2) a peak non-residential spending backdrop in 2017; and 3) fair valuation. MINI has undergone significant restructuring since 2013. While results could see less 1x noise going forward and the long-term earnings power remains highly attractive, with the shares within 2% of our $38 price target, we believe the near- and intermediate-term risk/ reward is more balanced," said Box.

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

Shares of Mobile Mini closed at $36.90 yesterday.

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