Wells Fargo initiated coverage of WillScot Mobile Mini with an Overweight rating and $52 price target. The firm says the company’s “sticky model” with “idiosyncratic” growth drivers and margin initiatives supports its above-consensus fiscal 2024 estimates. Meanwhile, WillScot’s flexible capex and high returns enable strong free cash flow, which funds repurchases and accretive acquisitions, the analyst tells investors in a research note.
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