William Blair analyst Tim Mulrooney has maintained their neutral stance on WSC stock, giving a Hold rating on November 18.
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Tim Mulrooney’s rating is based on the observed decline in nonresidential construction activity, which is a significant factor for WillScot Mobile Mini Holdings. The October nonresidential construction starts were notably lower, both on a year-over-year and month-over-month basis, indicating a challenging environment for the company’s business operations.
The decrease in construction activity suggests a potential slowdown in demand for WillScot’s modular space and portable storage solutions, which could impact the company’s financial performance. Given these market conditions, a Hold rating reflects a cautious stance, acknowledging the uncertainties in the construction sector that may affect the company’s growth prospects.
In another report released on November 18, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $17.00 price target.