BofA raised the firm’s price target on Xponential Fitness to $15.50 from $13 and keeps a Neutral rating on the shares after having hosted a Fireside Chat with the company’s Chief Financial Officer and Vice President of Corporate Development Andrea Mihic at the firm’s consumer conference. The firm cites momentum Xponential is seeing with its scaled brands including Club Pilates for its higher target, but remains Neutral given risk of studio closures at underperforming brands such as CycleBar.
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