Northland raised the firm’s price target on Target Hospitality (TH) to $15 from $11 and keeps an Outperform rating on the shares after the company increased its 2026 guidance ranges to reflect the announcement of a $550M multi-year data center development contract with “a top five hyperscaler” in North Texas. The firm believes the new contract “underscores the highly favorable contracting environment” and Target’s “strong positioning as a trusted partner” in the investment cycle across AI infrastructure, critical minerals, and power generation.
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