Needham & Company Upgrades Mobile Mini (MINI) to Buy

Needham & Company upgraded Mobile Mini (NASDAQ: MINI) from Hold to Buy with a price target of $45.00.

Analyst Sean K.F. Hannan comments, "Following MINI’s presentation at Needham's Growth Conference on 1/15 and reflecting on recent valuation, we are upgrading from Hold to Buy as we believe shares are attractively priced given a healthy business strategy, the continuation of positive execution (including through the ETS integration), and improving margins. Overall, we have observed MINI already on a healthy path on multiple fronts, and we’re becoming incrementally encouraged by its recent ETS transaction, which should ultimately aid margins and drive a positive cross-sell effort (which we think is materializing). Beyond GAAP charges and integration efforts from the ETS deal in 1H15, we expect MINI to demonstrate solid positive traction into 2H and 2016."

For an analyst ratings summary and ratings history on Mobile Mini click here. For more ratings news on Mobile Mini click here.

Shares of Mobile Mini closed at $37.12 yesterday.

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