Bank of America Securities analyst Sherif El-Sabbahy reiterated a Buy rating on WillScot Mobile Mini Holdings (WSC – Research Report) today and set a price target of $43.00.
Sherif El-Sabbahy has given his Buy rating due to a combination of factors that suggest potential long-term growth for WillScot Mobile Mini Holdings despite current challenges. The company’s Q4 financial results aligned closely with expectations, with a slight revenue shortfall but an EBITDA figure slightly above consensus. However, the demand remains weak, affecting volume, and the company has guided conservatively for 2025, reflecting macroeconomic uncertainties.
Despite these challenges, there are positive indicators for the company. Retail remodels are on the rise, large infrastructure projects are stable, and storage order rates have shown improvement from December to February. Additionally, the upcoming Investor Day is expected to present a strategic vision and refreshed multi-year targets, potentially reestablishing the company’s credibility and setting the stage for future growth. These factors contribute to the reiterated Buy rating, with a price objective set at $43.
In another report released on February 18, Morgan Stanley also maintained a Buy rating on the stock with a $50.00 price target.