Baird analyst Andrew Wittmann upgraded WillScot (WSC) to Outperform from Neutral with a price target of $22, up from $20. The company has faced a multi-year cyclical downturn but Q3 was a “watershed quarter, ” the analyst tells investors in a research note. The firm says WillScot significantly lowered expectations and established an “investable bottom.” Baird believes falling interest rates could also help the company, especially as part of broader market rotation.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WSC:
- Hold Rating on WillScot Mobile Mini Holdings Amidst Macroeconomic Uncertainty
- WillScot downgraded to Equal Weight from Overweight at Morgan Stanley
- 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