Guggenheim analyst John Heinbockel raised the firm’s price target on Life Time Group to $17 from $15 and keeps a Buy rating on the shares after the company issued a "strong" bottom-line beat in Q4 that he sees underpinning an initial in-line guide inclusive of a continuing post-COVID recovery. The $20M EBITDA beat was "entirely margin-driven," which is significant because it establishes a higher earnings bar entering 2023, said Heinbockel following the company’s ICR conference presentation.
Published first on TheFly
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