Piper Sandler analyst Korinne Wolfmeyer lowered the firm’s price target on Xponential Fitness to $20 from $26 given recent peer multiple contraction, while keeping an Overweight rating on the shares. The firm’s recent teen survey bodes well for Xponential Fitness, which Piper is favoring into Q3 EPS following several conference appearances and encouraging public commentary that have built confidence in health of the business.
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