BofA downgraded Xponential Fitness to Neutral from Buy with a price target of $16, down from $35. The firm views the risk/reward as now more balanced given that it estimates that many franchisees across the Pure Barre, Row House, AKT and Stride brands that required financing may not be profitable and that the recent rise in interest rates may be pressuring the returns of new locations.
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Read More on XPOF:
- Xponential Fitness (NYSE:XPOF) Gets Hold Rating at Stifel
- Xponential Fitness initiated with a Hold at Stifel
- Xponential Fitness price target lowered to $20 from $26 at Piper Sandler
- Xponential Fitness management to meet virtually with Roth MKM
- Xponential Fitness, Lululemon confirm ongoing retail partnership
