Morgan Stanley downgraded WillScot (WSC) to Equal Weight from Overweight with a price target of $21, down from $37. Despite a prolonged construction downturn, WillScot is a high quality construction rental business that is being undervalued by the market, though at this point, a recovery in shares is “more macro dependent”, the analyst tells investors in a research note.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WSC:
- WillScot price target lowered to $32 from $35 at DA Davidson
- WillScot price target lowered to $26 from $32 at Oppenheimer
- WillScot price target lowered to $23 from $28 at Citi
- WillScot price target lowered to $18 from $22 at Barclays
- Willscot Mobile Mini’s Earnings Call: Mixed Sentiments and Strategic Shifts