Guggenheim analyst John Heinbockel raised the firm’s price target on Life Time Group to $21 from $17 and keeps a Buy rating on the shares, citing the company’s better-than-expected preliminary Q4 results, "seemingly conservative" initial 2023 guidance, and management’s commitment to improving profitability. The firm’s 2023 estimates are near the respective guidance midpoints, but it has "greater confidence that the high end of the EBITDA target can be exceeded," Guggenheim tells investors.
Published first on TheFly
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