Mizuho lowered the firm’s price target on Life Time Group to $23 from $26 and keeps a Buy rating on the shares. The company’s Q4 beats on revenue and its EBITDA reflected continued strong appeal of programming investments while operating leverage continues to surprise positively, the analyst tells investors in a research note. The firm believes Life Time’s fiscal 2024 EBITDA guidance is very achievable given the company’s success in courting more higher-income consumers with greater economic resilience and momentum from new outlets yet to fully scale.
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