BofA Securities analyst Sherif El-Sabbahy maintains $WillScot Holdings (WSC.US)$ with a buy rating, and adjusts the target price from $54 to $47.
According to TipRanks data, the analyst has a success rate of 48.1% and a total average return of 12.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $WillScot Holdings (WSC.US)$'s main analysts recently are as follows:
Expectations were subdued prior to WillScot's Q3 results, which ultimately fell short. Analyst commentary suggests that, despite prior knowledge of macroeconomic challenges such as a slowdown in construction starts, a decline in demand over recent years may lead to pricing pressures due to decreasing industry utilization rates. The assessment also notes the lack of clarity on whether WillScot's volumes have reached their lowest point, with visibility remaining limited.
The analyst noted that WillScot's third quarter results for 2024 were unsatisfactory, even when considering the recently reduced forecasts, and were accompanied by a substantial reduction in guidance, despite the effects being accounted for only in the latter half of the year.
Note:
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