WillScot price target lowered to $23 from $32 at Jefferies

Jefferies lowered the firm’s price target on WillScot (WSC) to $23 from $32 and keeps a Hold rating on the shares. The firm cut estimates citing weaker seasonal retail storage units in second half of 2025 and transactional demand. In addition, momentum in monthly rates is moderating in storage, the analyst tells investors in a research note. Jefferies finds WillScot shares “cheap” but sees no near-term catalyst to move the stock higher until investors get comfortable that the company’s units on rent have found a bottom.