William Blair analyst Tim Mulrooney has maintained their neutral stance on WSC stock, giving a Hold rating on December 9.
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Tim Mulrooney has given his Hold rating due to a combination of factors tied primarily to the current construction cycle and macro environment. He notes that nonresidential construction starts have continued to disappoint, with year-to-date activity still in decline and leading indicators such as the Architecture Billings Index firmly in contraction territory. In his view, this backdrop implies that overall project volumes for WillScot Mobile Mini are likely to end the year noticeably lower again, extending a multi‑year stretch of subdued demand. As a result, he sees limited near‑term visibility for a meaningful acceleration in volumes that would justify a more positive stance on the shares.
At the same time, Mulrooney acknowledges that new project activity has shown only modest, seasonally adjusted improvement and that the company’s recently approved network investments are now more accurately reflected in his financial model. While these developments are incrementally constructive, they are not yet enough to offset the broader headwinds from weak construction starts and a still‑soft macro backdrop. He indicates that a more favorable rating would likely require clearer signs of a turning point in nonresidential construction activity and a more convincing path to volume growth. Until such evidence emerges, he believes the risk‑reward profile of WillScot Mobile Mini’s stock is best characterized as balanced, supporting his Hold recommendation.
In another report released on December 9, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $22.50 price target.