Morgan Stanley analyst Angel Castillo has reiterated their bullish stance on WSC stock, giving a Buy rating on February 21.
Angel Castillo has given his Buy rating due to a combination of factors that highlight WillScot Mobile Mini Holdings’ potential for growth and operational efficiency. The company’s recent Investor Day emphasized opportunities for self-driven growth, which are expected to yield attractive margins and returns. The integration of Mobile Mini has been finalized, allowing WillScot to focus on implementing best practices across its unified business. This strategic shift is anticipated to enhance sales and marketing efforts while reducing operational costs.
Additionally, WillScot is expanding its presence in both existing and new markets, targeting incremental acquisitions to bolster organic growth. The company’s capital allocation strategy, combined with a modestly lowered leverage target and the initiation of a dividend, positions it as an appealing investment for those with a longer-term outlook. Despite some short-term market reactions, the sell-off is seen as a buying opportunity, reinforcing the Overweight rating with a price target of $50.
In another report released on February 21, Bank of America Securities also reiterated a Buy rating on the stock with a $43.00 price target.
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