Oppenheimer analyst Scott Schneeberger raised the firm’s price target on Target Hospitality (TH) to $18 from $11 and keeps an Outperform rating on the shares. The firm is anticipating Target Hospitality’s new business win momentum to perpetuate. Target has successfully pivoted from lumpy government contracts tied to immigration trends to consistent, multi-year remote accommodation contracts in the emerging private sector category of data center/related power generation development.
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