Oppenheimer raised the firm’s price target on WillScot Mobile Mini (WSC) to $60 from $57 and keeps an Outperform rating on the shares following the announcement of a pending acquisition of major U.S. Modular Space Specialt Rental competitor McGrath (MGRC). The firm appreciates the strategic fit and views the pending transaction as a win for all involved, including investors. It adds size/scale to WillScot’s compelling long-lived asset/lengthy rental duration Specialty Rental model, Piper adds.
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Read More on WSC:
- WillScot Mobile Mini to Announce Fourth Quarter and Fiscal Year 2023 Results on February 20, 2024
- WillScot Mobile Mini price target raised to $53 from $51 at Deutsche Bank
- WillScot Mobile Mini Announces McGrath Merger Agreement
- WillScot Mobile Mini Signs Merger Deal with McGrath RentCorp
- ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of McGrath RentCorp