Target Hospitality (NASDAQ:TH) Stock, Quote.Headers.trade-ideas

Target Hospitality

Target Hospitality Corp is a vertically integrated specialty rental and hospitality services company in the United States. The company provides vertically integrated specialty rental and comprehensive hospitality services including catering food services, maintenance, housekeeping, grounds-keeping, on-site security, overall workforce lodge management, and laundry service. Its operating segment includes HFS-South and HFS-Midwest; Government; TCPL Keystone and others. It generates a majority of its revenue from the Government segment which consists of specialty rental and vertically integrated hospitality services revenue from customers with Government contracts located in Texas.

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Target Hospitality updated its 2024 outlook post-contract termination. Target anticipates zero net debt by year-end 2024 and over $350 million in liquidity.

Why Target Hospitality&#39;s Shares Are Surging On Thursday

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Why Contango Ore Shares Are Trading Lower By 18%? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

Target Hospitality Corp

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Former President <a href="https://www.benzinga.com/personal-finance/24/09/40900871/donald-trump-says-inflation-is-the-highest-ever-but-experts-dispute-his-claims-heres-the-truth-a">Donald Trump</a>, never one to shy away from bold claims, stirred the pot again during a visit to Michigan. Speaking in the heart of America's auto industry, he repeated a debunked claim that Chinese automakers are building massive factories in Mexico.
But he didn't stop there. Trump promised to slap a 200% tariff on cars made in these nonexistent plants if they ended up in the U.S.
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&#8220;If I don&#8217;t win, you will have no auto industry within two to three years,&#8221; Trump warned a crowd in Flint. He suggested that a victory for Vice President Kamala Harris in November would end American car manufacturing. According to Trump, the shift to electric vehicles would move jobs directly to China, leaving the U.S. auto industry in the dust.
However, the facts paint a different picture. Under the current administration, auto jobs have increased. According to the Bureau of Labor Statistics, when Trump left office in January 2021, auto jobs had dipped 0.8%, landing just above 949,000, as cited by The Associated Press.&nbsp;
Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." <a href="https://www.benzinga.com/money/connect-invest-real-estate-notes">These high-yield real estate notes that pay 7.5% &#8211; 9% make earning passive income easier than ever.</a>
Since President <a href="https://www.benzinga.com/real-estate/24/07/39624809/the-last-time-biden-left-the-white-house-he-cashed-in-heres-how-2025-could-bring-another-boost-for-h">Joe Biden</a> took over, auto and parts jobs have jumped by 13.6%, reaching 1.07 million by August. Car sales even ticked up by 2.4% in the first half of this year. The idea that the U.S. auto industry is on its last legs seems a stretch at the very least.
Trump also threw around some familiar rhetoric, pledging to force automakers to build factories in the U.S. by imposing steep tariffs on foreign-made cars. &#8220;It'll be like taking candy from a baby," he said, confident his proposed tariffs would discourage companies from building plants abroad. His plan is simple: if you make cars overseas, you'll pay dearly to sell them in America.
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However, foreign automakers already operate multiple plants in the U.S., mostly in southern states, meaning many are already playing by the rules Trump wants to enforce. While Trump's threats of tariffs may sound tough, experts point out that they often lead to higher prices for American consumers rather than benefiting domestic workers.&nbsp;
Trump&#8217;s tariff proposal also extends to Chinese cars supposedly built in Mexico. &#8220;They&#8217;re owned and built by China in Mexico and a number of them going up right now,&#8221; he claimed.&nbsp;
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However, industry experts have repeatedly stated that this is untrue. The only Chinese auto factory in Mexico is run by JAC, a small company assembling low-cost vehicles from kits. It&#8217;s focused on the Mexican market, not the U.S.
In response to Trump's comments, Michigan Sen. Gary Peters, speaking on behalf of Kamala Harris' campaign, issued a sharp rebuttal. He argued that another Trump presidency would be disastrous for autoworkers.
&#8220;A second Trump term would crush auto jobs, ceding Michigan's global auto manufacturing leadership to the Chinese government," Peters warned. He added that <a href="https://www.benzinga.com/startups/24/08/40196337/kamala-harris-says-rebuilding-the-middle-class-is-a-top-priority-heres-the-investment-strategy-she-b">Harris </a>has a clear plan to bring high-paying manufacturing jobs back to the U.S., ensuring that Michigan workers remain at the forefront of the global auto industry.
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Startups

Trump Promises More Tariffs While Repeating His Controversial False Claim About Chinese Automakers Building Major Factories In Mexico

The past week has been a whirlwind for&nbsp;Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), with a mix of highs and lows. From concerns over iPhone 16 demand to promising sales figures, regulatory attention from the EU, and expansion plans in Asia, the tech giant has been in the spotlight. Here&#8217;s a recap of the top stories.
iPhone 16 Demand Lower Than Expected
According to top analyst Ming-Chi Kuo, Apple&#8217;s iPhone 16 Pro and Pro Max models experienced lower-than-anticipated demand during the first weekend of pre-orders. Kuo&#8217;s analysis, based on a recent supply chain survey and pre-order data from Apple&#8217;s official websites, suggests a weaker demand for the Pro models.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40872864/apple-staring-at-lower-than-expected-demand-for-iphone-16-pro-and-pro-max-in-the-fi">Read the full article here.</a>
T-Mobile CEO Reports Strong iPhone 16 Sales
Despite earlier concerns, T-Mobile US Inc. CEO Mike Sievert shared promising sales figures for the iPhone 16. In an interview with CNBC&#8217;s Jim Cramer, Sievert revealed that the new model is outperforming last year's model in sales, with customers purchasing higher-end models.
<a href="https://www.benzinga.com/markets/equities/24/09/40932937/apple-iphone-16-selling-at-a-greater-rate-than-last-year-says-t-mobile-ceo-amid-reports-of-lower">Read the full article here.</a>
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40897716/elon-musk-reacts-after-mark-cuban-says-he-would-buy-x-in-a-heartbeat?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts After Mark Cuban Says He Would Buy X &#8216;In A Heartbeat&#8217;</a>
EU Targets Apple&#8217;s iPhone And iPad Systems
The European Commission has initiated two specification proceedings to help Apple comply with its interoperability obligations under the Digital Markets Act. The move aims to ensure free interoperability to third-party developers and businesses to alleviate the regulator's antitrust concerns.
<a href="https://www.benzinga.com/government/24/09/40943746/after-lightning-port-eu-targets-apples-iphone-and-ipad-systems-demands-greater-access-for-third-part">Read the full article here.</a>
Analyst Unfazed By Early iPhone 16 Demand Trends
Despite initial concerns about demand, Morgan Stanley analyst Erik Woodring remains bullish on Apple. Woodring explains why the early trends should not be a cause for worry, noting that iPhone 16 lead times have doubled from last Friday and have been longer internationally than in the U.S.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40936686/apple-analyst-shrugs-off-lukewarm-early-iphone-16-demand-trends-heres-why-soft-preo">Read the full article here.</a>
Apple&#8217;s Expansion Beyond China&nbsp;JPMorgan analyst Samik Chatterjee reveals that Apple&#8217;s production in India is set to hit 20-25% of total iPhone units by 2027. This move is part of Apple&#8217;s &#8220;China+1&#8221; strategy, reflecting its effort to diversify production away from China amid rising geopolitical tensions.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40927849/apple-expands-beyond-china-to-india-southeast-asia-analyst-warns-of-margin-impact">Read the full article here.</a>
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/09/40812318/samsung-to-reportedly-slash-global-workforce-by-up-to-30-in-certain-divisions-amid-intense-competiti?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Samsung To Reportedly Slash Global Workforce By Up To 30% In Certain Divisions Amid Intense Competition From Apple, Huawei</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>
Image via Shutterstock

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Media

AAPL

iPhone 16 Demand, EU Regulations, And Expansion Plans: This Week In Appleverse

The past week has been a whirlwind of news in the tech world, with artificial intelligence (AI) taking the spotlight. From predictions about AI-powered surveillance to personal digital agents, the future of AI seems to be on everyone&#8217;s mind. Here&#8217;s a quick recap of the top stories that made headlines over the weekend.
Oracle&#8217;s Larry Ellison Foresees AI-Powered Surveillance
Larry Ellison co-founder and CTO of&nbsp;Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) made a bold prediction about the future of law enforcement. He believes that AI will power extensive surveillance systems, leading to constant supervision of police officers and citizens. Ellison stated, "Every police officer is going to be supervised at all times, and if there's a problem, AI will report that problem and report it to the appropriate person."
<a href="https://www.benzinga.com/news/24/09/40892284/oracles-larry-ellison-predicts-police-officers-will-be-supervised-at-all-times-and-citizens-will-be">Read the full article here.</a>
Elon Musk And Nvidia CEO Share Vision Of AI-Powered Personal Assistants
Elon Musk, CEO of Tesla and SpaceX, agreed with Nvidia Corporation&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang&#8217;s vision of a future where individuals will have personal digital agents akin to Star Wars' R2-D2 or C-3PO. Huang shared his vision during T-Mobile&#8217;s Capital Markets Day 2024, expressing excitement about the idea of a computer that grows smarter over time.
<a href="https://www.benzinga.com/news/24/09/40931686/elon-musk-agrees-with-nvidia-ceo-jensen-huangs-vision-of-a-future-where-well-have-our-own-ai-powered">Read the full article here.</a>
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40897716/elon-musk-reacts-after-mark-cuban-says-he-would-buy-x-in-a-heartbeat?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts After Mark Cuban Says He Would Buy X &#8216;In A Heartbeat&#8217;</a>
LinkedIn Under Scrutiny for Alleged Misuse of User Data
Microsoft Corporation's LinkedIn has come under fire for reportedly using user data for AI training before updating its terms of service. This primarily affected users in the U.S., with those in the EU, European Economic Area, or Switzerland likely exempt due to stringent data privacy rules.
<a href="https://www.benzinga.com/news/24/09/40931968/microsofts-linkedin-in-hot-water-for-allegedly-using-data-of-users-for-training-ai-before-updating-t">Read the full article here.</a>
World Wide Technology CEO Warns Against Misleading Employees About AI
Jim Kavanaugh, CEO of World Wide Technology, warned leaders not to deceive employees about the impact of AI on jobs. He emphasized that employees are "too smart" to believe that AI won't change job dynamics and stressed the importance of transparency.
<a href="https://www.benzinga.com/news/24/09/40932928/billionaire-tech-ceo-says-not-to-bs-employees-they-are-too-smart-to-believe-ai-will-not-impact-their">Read the full article here.</a>
Salesforce CEO Criticizes Microsoft&#8217;s Copilot
Marc Benioff, CEO of Salesforce, criticized&nbsp;Microsoft Corporation's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)&nbsp;Copilot by comparing it to the infamous "Clippy" assistant. Benioff stated that Microsoft's Copilot has not offered any value to customers, likening it to selling science projects to companies.
<a href="https://www.benzinga.com/news/24/09/40954193/salesforce-ceo-marc-benioff-slams-microsofts-copilot-compares-it-to-failed-clippy-assistant-like-wer">Read the full article here.</a>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>
Image Via Shutterstock

MSFT

NVDA

ORCL

Elon Musk And Nvidia CEO Share Vision Of AI-Powered Personal Assistants, LinkedIn Under Scrutiny And More: This Week In AI

The past weekend was filled with riveting news, from a data scientist&#8217;s election forecast to Elon Musk&#8216;s response to the Trump campaign&#8217;s allegations. Here&#8217;s a quick roundup of the top stories that made headlines.
Data Scientist Predicts &#8216;Drastic Landslide&#8217; for Harris
Thomas Miller, a renowned data scientist from Northwestern University, has predicted a significant victory for Kamala Harris in the upcoming presidential election. Miller, who accurately predicted the 2020 presidential and Georgia senatorial races, uses data from political betting sites to make his forecasts, which he claims are more accurate than traditional polls. <a href="https://www.benzinga.com/news/24/09/40950674/data-scientist-who-called-2020-election-correctly-says-its-gone-from-drastic-landslide-in-trumps-dir">Read the full article here</a>.
Elon Musk Reacts to Trump Campaign&#8217;s Allegations
Tesla CEO Elon Musk responded to the Trump campaign&#8217;s release of over 50 examples of Democrats&#8217; rhetoric that allegedly inspired an assassination attempt on former President Donald Trump. Musk&#8217;s reaction was a simple &#8220;No wonder,&#8221; in response to the campaign&#8217;s assertion. <a href="https://www.benzinga.com/news/24/09/40899012/elon-musk-reacts-after-trump-campaign-releases-over-50-examples-of-democrats-rhetoric-that-inspired">Read the full article here</a>.
See Also: <a href="https://www.benzinga.com/news/24/09/40958452/mark-cuban-says-elon-musk-believes-hes-much-smarter-than-trump-reveals-the-intoxicating-reason-why-t?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Says Elon Musk &#8216;Believes He&#8217;s Much Smarter Than Trump,&#8217; Reveals The &#8216;Intoxicating&#8217; Reason Why Tesla CEO Supports Ex-President</a>
Kamala Harris Receives Endorsement from Historic Magazine
Vice President Kamala Harris has received an endorsement from the oldest continuously published magazine in the U.S.- the Scientific American&#8211; for the 2024 presidential election. This endorsement could prove crucial in a tight contest against Donald Trump. <a href="https://www.benzinga.com/general/politics/24/09/40907893/kamala-harris-wins-second-endorsement-in-179-years-from-magazine-that-featured-works-from-nikola">Read the full article here</a>.
Obama-Era Economist Surprised at JD Vance&#8217;s Economic Optimism
Betsey Stevenson, a former economic advisor during the Obama administration, expressed surprise at the economic optimism shown by Donald Trump's running mate JD Vance and his supporters, despite the Federal Reserve's recent rate cut. <a href="https://www.benzinga.com/news/24/09/40931458/obama-era-economist-says-she-is-pleasantly-surprised-that-jd-vance-thinks-the-economy-is-too-strong">Read the full article here</a>.
Elon Musk Suggests Warren Buffett is Preparing for a Harris Win
Tesla CEO Elon Musk suggested that Warren Buffett is positioning for a Kamala Harris win with his $277B cash pile. Meanwhile, pro-Trumper and hedge fund manager John Paulson warned of an equity market exit in the event of a Harris victory. <a href="https://www.benzinga.com/markets/equities/24/09/40917216/elon-musk-says-warren-buffett-is-positioning-for-kamala-harris-win-with-his-277b-cash-pile-as-pr">Read the full article here</a>.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/09/40965372/fed-delivers-large-interest-rate-cut-in-bid-to-sustain-labor-market-stocks-gold-set-new-record-h">Fed Delivers Large Rate Cut In Bid To Sustain Labor Market; Stocks, Gold Set New Record Highs: This Week In The Markets</a>
 This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/anan-ashraf" target="_blank" rel="noopener">Anan Ashraf.</a> 
Image via Wikimedia Commons

Politics

Data Scientist's Election Prediction, Kamala Harris Receives Historic Endorsement From Magazine, Elon Musk Suggests Warren Buffett Is Preparing For A Harris Win And More: Top Political Update This Week

The past week was a rollercoaster ride for the financial world, with the Federal Reserve making a bold move, retail sales showing unexpected resilience, and prominent voices sharing their views on the economy. Here&#8217;s a quick recap of the top stories that made headlines.
Federal Reserve Slashes Interest Rates
In a surprising move, the Federal Reserve cut interest rates by 0.5% at its September Federal Open Market Committee meeting, marking the first rate cut in over four years. This decision, which broke a 12-month streak of steady rates, caught Wall Street analysts off guard as they had anticipated a more modest 25-basis-point cut. <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40926026/federal-reserve-delivers-bold-0-5-rate-cut-signals-further-easing-ahead">Read the full article here</a>.
Obama-Era Economist Surprised by JD Vance&#8217;s Economic Optimism
Betsey Stevenson, a former economic advisor in the Obama administration, expressed her astonishment at Donald Trump's running mate J.D. Vance and his supporters' economic optimism despite the Federal Reserve's recent rate cut. Stevenson stated, "I have to admit that I am pleasantly surprised that J.D. Vance and his supporters think the economy is too strong for the rate cut." <a href="https://www.benzinga.com/news/24/09/40931458/obama-era-economist-says-she-is-pleasantly-surprised-that-jd-vance-thinks-the-economy-is-too-strong">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/news/24/09/40939390/trump-media-technology-group-stock-slides-as-lockup-expiration-looms-whats-going-on?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Media &amp; Technology Group Stock Slides As Lockup Expiration Looms: What&#8217;s Going On?</a>
Retail Sales Rise More Than Expected
U.S. retail sales rose more than expected by 0.1% month-over-month in August, signaling a resilient consumer spending momentum in the middle of the third quarter. This increase, which was more than anticipated, could boost the chances of a smaller interest rate cut. <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40897882/retail-sales-rise-0-1-in-august-more-than-expected-boosting-odds-of-larger-fed-ra">Read the full article here</a>.
Analyst Warns of Stagflation After Fed&#8217;s Rate Cut
Following the Federal Reserve&#8217;s deep 50 basis-point cut to its Fed funds rate, an analyst warned of a return of recession along with stagnation. GLJ Research's Gordon Johnson stated, "Get ready for stagnation," adding that this is the "inflation is Transitory" mistake all over again. <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40955933/brace-for-stagflation-after-feds-benevolence-warns-analyst-raising-5-corporate-red-">Read the full article here</a>.
Ray Dalio Highlights Challenges for the Fed
Billionaire investor Ray Dalio pointed out the difficulties faced by the U.S. Federal Reserve as it navigates interest rate cuts amid a heavily indebted economy. Dalio emphasized that the Fed must balance keeping interest rates high enough to benefit creditors while not excessively burdening debtors. <a href="https://www.benzinga.com/news/24/09/40934156/billionaire-ray-dalio-warns-fed-faces-tough-road-ahead-balancing-interest-rate-cuts-and-enormous-us">Read the full article here</a>.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/09/40917216/elon-musk-says-warren-buffett-is-positioning-for-kamala-harris-win-with-his-277b-cash-pile-as-pr?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says Warren Buffett Is Positioning For Kamala Harris Win With His $277B Cash Pile</a>
Image via Pexels/ Pixabay
 This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/navdeep-yadav" target="_blank" rel="noopener">Navdeep Yadav.</a>

Economics

Federal Reserve

Federal Reserve's Bold Rate Cut, Retail Sales Rise And More: This Week In Economics

<h3 class="wp-block-heading">Why Hidden Debt Matters</h3>
Investors often focus on basic financial figures, but it's essential to consider hidden debt when evaluating a company's true worth.&nbsp;
Insights from<a href="https://www.benzinga.com/topic/viridian-capital-advisors"> Viridian Capital Advisors</a> reveal that overlooked liabilities can significantly change how we view a company&#8217;s value, making it crucial to dig deeper.
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<h3 class="wp-block-heading">Viridian's Approach To Valuation</h3>
Typically, enterprise value (EV) is calculated using standard methods. However, Viridian takes a more thorough approach by including lease obligations and overdue tax payments.&nbsp;
They also consider long-term tax liabilities that companies have yet to address. This results in a higher debt figure and leads to revised calculations that show companies may be more valuable than initially thought.
<h3 class="wp-block-heading">The Impact On Investor Decisions</h3>
A recent graph compares traditional valuation methods with <a href="https://dealtracker.viridianca.com/valuation-tracker-by-industry-sector/">Viridian's updated figures</a>. Companies that appeared cheap may be less undervalued than previously believed, particularly those burdened by significant lease or tax liabilities.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="687" height="603" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20185609/unnamed-5.png" alt="" class="wp-image-559343" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20185609/unnamed-5.png 687w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20185609/unnamed-5-300x263.png 300w" sizes="(max-width: 687px) 100vw, 687px" /><figcaption class="wp-element-caption">Courtesy of Viridian Capital Advisors </figcaption></figure>
<h3 class="wp-block-heading">Market Perception of Undervalued Cannabis Stocks</h3>
Companies like Planet 13 Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PLNH#OTC">PLNH</a>) and MariMed (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MRMD#OTC">MRMD</a>), which initially appeared undervalued based on traditional EV/EBITDA multiples, saw significant valuation increases when Viridian Capital&#8217;s augmented EV calculations factored in hidden debt. This reveals that investors who overlook these liabilities might mistakenly view these companies as more attractive investments than they truly are.
<h3 class="wp-block-heading">Impact of Debt on Investor Sentiment</h3>
In contrast, companies such as Schwazze (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SHWZ#OTC">SHWZ</a>), Vext Science (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VEXTF#OTC">VEXTF</a>), and Green Thumb Industries (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GTII#OTC">GTII</a>) show minimal changes in valuation, suggesting cleaner balance sheets that could strengthen investor confidence.
Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/09/40880241/5-reasons-why-lower-interest-rates-could-boost-the-cannabis-industry">5 Reasons Why Lower Interest Rates Could Boost The Cannabis Industry</a>

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