U-Haul Holding initiated with Peer Perform on variability at Wolfe Research

Wolfe Research analyst Keegan Carl last night initiated coverage of U-Haul Holding Company with a Peer Perform rating and no price target. While the analyst likes the core business of U-Haul Holding and how it is “differentiated” relative to traditional self-storage, a “challenging” macro environment and housing market paired with a lot of variability in its various business lines leave the firm on the sidelines for now.