tiprankstipranks
Target Hospitality price target raised to $11 from $9 at Northland
The Fly

Target Hospitality price target raised to $11 from $9 at Northland

Northland analyst Greg Gibas raised the firm’s price target on Target Hospitality (TH) to $11 from $9 and keeps a Market Perform rating on the shares. Q3 results were ahead of the firm’s and consensus expectations, driven by stronger than expected performance in its government and energy segments, notes the analyst, who is increasing the firm’s price target to reflect the potential upside related to the reutilization of Target’s Dilley asset. However, the firm remains cautious on the utilization of the PCC facility under the new administration, as it continues to generate no variable revenue, the analyst added.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App