Oppenheimer Maintains Outperform on Target Hospitality, Lowers Price Target to $17
Portfolio Pulse from richadhand@benzinga.com
Oppenheimer analyst Scott Schneeberger has maintained an 'Outperform' rating on Target Hospitality (NASDAQ:TH), but lowered the price target from $20 to $17.
August 10, 2023 | 3:51 pm
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NEUTRAL IMPACT
Target Hospitality's price target has been lowered from $20 to $17 by Oppenheimer, though the 'Outperform' rating is maintained.
The lowering of the price target by Oppenheimer could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100