Stifel Maintains Buy on Target Hospitality, Lowers Price Target to $14-Report Released on 17th December 2023
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stephen Gengaro has maintained a Buy rating on Target Hospitality (NASDAQ:TH) but reduced the price target from $19 to $14.

December 18, 2023 | 3:52 pm
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Stifel maintains a Buy rating on Target Hospitality but lowers the price target from $19 to $14, indicating a potential downside from the previous target but still a positive outlook.
The reduction in price target may cause some investors to adjust their expectations for TH's stock performance, potentially leading to short-term price volatility. However, the maintenance of a Buy rating suggests that the analyst still sees long-term value in the stock, which could mitigate any negative impact from the price target cut.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100