WillScot Corporation (NYSE: WSC) shares tumbled 5.29% in pre-market trading on Friday, following a substantial target price reduction by Deutsche Bank. The sharp decline comes as investors react to the lowered expectations for the company's stock performance.

Deutsche Bank analysts slashed their price target for WillScot from $33 to $24, representing a significant 27% reduction. This move signals a more pessimistic outlook on the company's near-term prospects and potential growth. The dramatic cut in the price target likely prompted investors to reassess their positions, leading to the sell-off observed in early trading.

While the specific reasons behind Deutsche Bank's decision were not immediately clear, such revisions often reflect changes in a company's financial outlook, industry trends, or broader economic factors. Investors and market watchers will be keen to see if other analysts follow suit or if this move by Deutsche Bank is an isolated adjustment. As the trading day progresses, it remains to be seen whether WillScot can recover from this early setback or if the downward pressure will persist.