Morgan Stanley raises Target Hospitality price target to $25 from $22

Verifying
  • Morgan Stanley raised Target Hospitality’s price target to $25 from $22 and maintained its overweight rating.
  • $319 million is Morgan Stanley’s fiscal 2027 adjusted EBITDA estimate, 22% above consensus.
  • Target Hospitality announced a 1,100-bed contract with a new customer in late August.
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