WillScot price target lowered to $32 from $35 at DA Davidson

DA Davidson lowered the firm’s price target on WillScot (WSC) to $32 from $35 and keeps a Buy rating on the shares after its Q3 results and below-consensus guide. Cyclical pressures are sustaining and the firm is “more significantly” cutting its estimates, the analyst tells investors in a research note. The firm adds however that the valuation multiples are still nearing historical low, and DA Davidson “sees value” in the stock.