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

December 18, 2023 | 3:52 pm
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NEGATIVE IMPACT
Stifel analyst Stephen Gengaro maintains a Buy rating on Target Hospitality but lowers the price target from $19 to $14.
The reduction in price target by Stifel, despite maintaining a Buy rating, could lead to a negative perception among investors, potentially causing a short-term dip in the stock price of Target Hospitality. The new price target still suggests an upside, but the decrease may be seen as a lack of confidence in the company's short-term growth potential.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100