WillScot price target lowered to $47 from $54 at DA Davidson

DA Davidson lowered the firm’s price target on WillScot to $47 from $54 and keeps a Buy rating on the shares after its Q2 revenue miss. The company is experiencing lingering pressure on units on rent, or UOR, and demand primarily related to Storage, and investors should be increasingly focused on any signs of an inflection in this asset group, the analyst tells investors in a research note. While guidance anticipates a seasonal increase in demand, the firm believes that UOR could be lower through the second half, DA Davidson added.