Target Hospitality price target raised to $26 from $22 at Northland

Northland analyst Doug Becker raised the firm’s price target on Target Hospitality to $26 from $22 and keeps an Outperform rating on the shares after the company’s Q4 results beat expectations, driven by strong demand fundamentals and positive momentum in customer activity. Target Hospitality also announced that its non-profit partner was awarded an IDIQ contract for a five-year base and five-year option to extend with the government and the firm’s increased target on shares reflects the long-term contract award, the analyst tells investors.