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Fly News Breaks for October 1, 2018
WSC
Oct 1, 2018 | 16:21 EDT
Deutsche Bank analyst Ashish Sabadra started WillScot with a Buy rating and $22 price target. The company, as a leading provider of modular spaces and mobile storage solutions, has a recurring revenue model with diverse end markets, a comprehensive offering, and dominant market share, Sabadra tells investors in a research note. Further, the analyst believes "robust" economic conditions are driving construction activity, which, along with recent hurricanes, should provide a multi-year utilization gain opportunity for WillScot.
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