William Blair analyst Tim Mulrooney has maintained their neutral stance on WSC stock, giving a Hold rating today.
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Tim Mulrooney has given his Hold rating due to a combination of factors impacting WillScot Mobile Mini Holdings. The company’s recent financial performance has been underwhelming, with both revenue and earnings missing the already lowered expectations for the third quarter. This has led to a reduced guidance for the full year, contributing to a cautious outlook.
Additionally, there is a lack of evidence for a near-term improvement in demand for transactional units in local markets, which constitute a significant portion of the company’s portfolio. The soft performance in nonresidential construction data, with a decline in starts, further pressures the stock. Given these challenges, the analyst maintains a Market Perform rating, awaiting more clarity on potential improvements in key end-markets before considering a more positive stance.
In another report released today, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $21.00 price target.