Target Hospitality upgraded to Outperform from Market Perform at Northland

Northland analyst Greg Gibas upgraded Target Hospitality (TH) to Outperform from Market Perform with a $15 price target The firm sees “increased likelihood” of a reactivation of the company’s Dilley, Texas facility due to the anticipated strain on existing detention capacity and infrastructure, the increased possibility of re-utilization or repurposing of its Pecos facility for additional bed space needs, and a more favorable outlook for the energy accommodation side of the business, the analyst tells investors.