Custom Truck One Source has secured a cooperative purchasing contract through Sourcewell, a move CEO Ryan McMonagle called an important achievement that reinforces customer trust and will help expand partnerships with government agencies across North America. Separately, Cantor Fitzgerald raised its price target on the company from $11 to $13, implying nearly 24% upside, while maintaining an Overweight rating. The firm cited strong investor impressions, expected capex normalization leading to stable free cash flow and deleveraging, and positive demand trends in utility transmission and rental metrics.
Custom Truck One Source IncSecured a cooperative purchasing contract with Sourcewell, expanding government partnerships and reinforcing customer trust.