Citi lowered the firm’s price target on WillScot (WSC) to $23 from $26 and keeps a Buy rating on the shares. The firm says the ConExpo construction trade show indicated positive demand trends with a “significant pipeline of mega projects.” Citi is positive on the rental space with machinery. It upgraded Terex and moved Alliance Laudry to its top sector pick. The firm continues to have a positive outlook for U.S. construction.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WSC:
- WillScot price target raised to $22 from $18 at Barclays
- Maintaining Market Perform on WillScot Mobile Mini Amid Weak Construction Indicators and Uncertain Demand Inflection
- Midday Fly By: Target earnings hit the mark, Elliott invests $1B in Pinterest
- DF Research issues cautious note on WillScot
- WillScot announces nationwide expansion of fencing solutions
