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Investing.com - DA Davidson has reduced its price target on WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) to $35.00 from $40.00 while maintaining a Buy rating on the stock. The company's shares, currently trading near their 52-week low of $20.08, have declined approximately 38% year-to-date, according to InvestingPro data.
The firm cited mixed demand trends affecting the company, with seasonal activity likely presenting a larger headwind than previously modeled in their financial projections.
Despite lowering estimates and the price target, DA Davidson continues to see value in WillScot Mobile Mini shares, which have experienced substantial price pressure and valuation contraction since early 2024.
The research firm's assessment came after discussions at a recent industry conference where these challenges were articulated.
DA Davidson's continued Buy rating reflects confidence in the stock based on historical valuation ranges and precedent industry transaction multiples, despite the near-term headwinds.
In other recent news, WillScot Mobile Mini Holdings Corp reported its Q2 2025 earnings, with revenue reaching $589 million, slightly exceeding the anticipated $587.1 million. Despite facing macroeconomic challenges, the company demonstrated resilience in its financial performance. Additionally, Barclays lowered its price target for WillScot Mobile Mini to $22.00 from $34.00 due to ongoing challenges in non-residential construction markets, particularly in the manufacturing, education, and government sectors.
In leadership developments, Timothy D. Boswell, currently President and Chief Operating Officer, is set to succeed Bradley L. Soultz as Chief Executive Officer on January 1, 2026. Boswell will also join the company's Board of Directors, which will expand from ten to eleven members. Worthing Jackman, the current non-Executive Chairman, will assume the role of Executive Chairman to aid the CEO and senior management in meeting strategic goals. Jeff Sagansky has been appointed as the Lead Independent Director. These changes were announced following a filing with the Securities and Exchange Commission.
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