Stifel downgraded Target Hospitality to Hold from Buy with a price target of $12, down from $13, following Arrow Holdings and TDR Capital’s recent bid to take the company private. proposal values Target at $10.80 per share. While the firm believes a modestly higher bid might be required to achieve approval from Target Hospitality’s Board, it does not expect an outside bidder to surface.
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Read More on TH:
- Target Hospitality receives buyout offer from TDR Capital
- Target Hospitality Receives Buyout Offer from TDR Capital
- Target Hospitality price target lowered to $10 from $12 at Oppenheimer
- Target Hospitality price target lowered to $13 from $14 at Stifel
- Target Hospitality sees FY24 revenue $410M-$425M, consensus $409.67M
