Life Time Group price target raised to $43 from $33 at Oppenheimer

Oppenheimer raised the firm’s price target on Life Time Group (LTH) to $43 from $33 and keeps an Outperform rating on the shares. Life Time Group represents a still expanding, preeminent operator of generally larger format, high-end health clubs, and increasingly a leading brand, within the broader wellness landscape, the firm says. In Oppenheimer’s view, on the heels of significant, successful strategic repositioning, and against a now less treacherous sector backdrop, the Life Time Group business model is operating more efficiently and positioned well to support a further acceleration in new center expansion. Despite a meaningful move higher in shares lately, the stock still trades at multiples that the firm believes underappreciate compelling near and longer-term fundamental prospects for the enterprise.