Life Time Group price target lowered to $26 from $27 at Mizuho

Mizuho analyst John Baumgartner lowered the firm’s price target on Life Time Group to $26 from $27 and keeps a Buy rating on the shares. Most consumers continue to spend cautiously, and low-incomes remain under pressure while conditions are record net favorable for highest-income households, the analyst tells investors in a research note. The firm says multiple data suggest potential tightening of credit usage and larger spending discipline. It believes staples names remain oversold and are capable of weathering the macro environment.