BMO Capital analyst Simeon Siegel raised the firm’s price target on Life Time Group to $19 from $16 and keeps a Market Perform rating on the shares. The analyst cites the company’s top- and bottom-line beat boosted by Membership dues and Enrollment fees, coupled with growth of in-center revenue and expense leverage. Life Time Group is seeing an expanding total addressable market from pandemic-driven gym closures and strong margin flow-through given minimal variable expenses, the firm tells investors in a research note.
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Published first on TheFly
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Read More on LTH:
- Life Time Group price target raised to $23 from $21 at RBC Capital
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