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Life Time Group price target raised to $31 from $27 at RBC Capital

RBC Capital analyst Logan Reich raised the firm’s price target on Life Time Group (LTH) to $31 from $27 and keeps an Outperform rating on the shares. The company’s Q4 pre-announcement and initial FY25 guidance exceeded consensus estimates, with memberships having accelerated 100 bps in Q4, and SSS for Q4 and 2025 coming in well ahead, the analyst tells investors in a research note. Life Time management also needs to articulate a path to new center growth above the 10-12 units expected in FY25 for the out years, RBC added.

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