Oppenheimer analyst Scott Schneeberger maintains $WillScot Holdings (WSC.US)$ with a buy rating, and adjusts the target price from $46 to $41.
According to TipRanks data, the analyst has a success rate of 62.0% and a total average return of 12.8% 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 already subdued prior to WillScot's third-quarter results, which were ultimately seen as underwhelming. Analysts have noted that while the broader economic challenges linked to a reduction in construction starts were anticipated, a diminishing demand trend over recent times could lead to pricing pressures due to decreasing industry utilization. It remains uncertain whether WillScot has reached a low point in terms of its volumes, with current visibility being too limited to confirm.
The firm expressed that WillScot's third-quarter results were unsatisfactory, even when considering recently adjusted forecasts, which was further compounded by a significant reduction in guidance for only a six-month period.
Note:
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