Target Hospitality Sinks After U.S. Terminates Support Services Contract -- Market Talk

Dow Jones

Feb 24, 2025

0805 ET - Target Hospitality says the US government is ending its services agreement with the company's nonprofit partner running the Pecos Children's Center, an emergency intake site for unaccompanied migrant children. The move comes amid rapid cuts and other changes under President Trump's second term. Target Hospitality provides rental accommodations with catering and hospitality services. The company says it's remarketing these assets for other opportunities potentially supporting the U.S. government's current immigration policies. Given termination of the PCC contract, Target Hospitality says it's withdrawing its previously issued preliminary 2025 financial outlook. Target Hospitality dives 43% to $5.31 premarket. (denny.jacob@wsj.com; @pennedbyden)

(END) Dow Jones Newswires

February 24, 2025 08:05 ET (13:05 GMT)

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The move comes amid rapid cuts and other changes under President Trump's second term. Target Hospitality provides rental accommodations with catering and hospitality services. The company says it's remarketing these assets for other opportunities potentially supporting the U.S. government's current immigration policies. Given termination of the PCC contract, Target Hospitality says it's withdrawing its previously issued preliminary 2025 financial outlook. Target Hospitality dives 43% to $5.31 premarket. (denny.jacob@wsj.com; @pennedbyden) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 24, 2025 08:05 ET (13:05 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Target Hospitality Sinks After U.S. Terminates Support Services Contract -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTarget Hospitality Sinks After U.S. Terminates Support Services Contract -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-24 21:05</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0805 ET - Target Hospitality says the US government is ending its services agreement with the company's nonprofit partner running the Pecos Children's Center, an emergency intake site for unaccompanied migrant children. The move comes amid rapid cuts and other changes under President Trump's second term. Target Hospitality provides rental accommodations with catering and hospitality services. The company says it's remarketing these assets for other opportunities potentially supporting the U.S. government's current immigration policies. Given termination of the PCC contract, Target Hospitality says it's withdrawing its previously issued preliminary 2025 financial outlook. Target Hospitality dives 43% to $5.31 premarket. (denny.jacob@wsj.com; @pennedbyden) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 24, 2025 08:05 ET (13:05 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TH","symbol_name":"Target Hospitality Corp.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2513945729","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2513945729","pubTimestamp":1740402300,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0805 ET - Target Hospitality says the US government is ending its services agreement with the company's nonprofit partner running the Pecos Children's Center, an emergency intake site for unaccompanied migrant children. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TH":"Target Hospitality Corp.","BK4142":"酒店、度假村与豪华游轮"},"translate_title":"美国终止支持服务合同后，塔吉特酒店业股价下跌——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TH":0.9},"content_text":"0805 ET - Target Hospitality says the US government is ending its services agreement with the company's nonprofit partner running the Pecos Children's Center, an emergency intake site for unaccompanied migrant children. The move comes amid rapid cuts and other changes under President Trump's second term. Target Hospitality provides rental accommodations with catering and hospitality services. The company says it's remarketing these assets for other opportunities potentially supporting the U.S. government's current immigration policies. Given termination of the PCC contract, Target Hospitality says it's withdrawing its previously issued preliminary 2025 financial outlook. Target Hospitality dives 43% to $5.31 premarket. (denny.jacob@wsj.com; @pennedbyden) \n\n\n  (END) Dow Jones Newswires\n\n\n  February 24, 2025 08:05 ET (13:05 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}