RBC Capital raised the firm’s price target on Life Time Group (LTH) to $35 from $31 and keeps an Outperform rating on the shares. The company’s Q4 earnings beat was “solid” while the management raised 2025 guidance just six weeks after initially providing it in the pre-announcement given a strong start to the year, the analyst tells investors in a research note. Life Time’s capital position also continues to improve as leverage exited the year below 2.3-times, and as EBITDA continues to grow, leverage should continue to fall, allowing the company to invest in ramping new center openings over time, the firm adds.
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