WillScot price target lowered to $25 from $27.50 at BofA

BofA lowered the firm’s price target on WillScot (WSC) to $25 from $27.50 and keeps a Buy rating on the shares. After having hosted investor meetings with CFO Matt Jacobsen, the firm tells investors that what it heard from WillScot “resembled sentiment on the Q3 call,” with choppy modular demand and signs of a recovery in storage yet to materialize. Following the meeting, the firm maintains its 2025 estimates, but trimmed its 2026-2027 estimates 4%-6% as it argues that “a choppy backdrop and slower recovery warrants a more conservative stance.”