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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on XPOF:
- Why is Xponential Fitness (NYSE:XPOF) Capturing Investors’ Interest?
- Xponential Fitness price target raised to $20 from $18 at Stifel
- Xponential Fitness, Inc. Class A’s New Share Price & Shareholder Rights Risk – A Cause for Worry?
- Xponential Fitness falls -7.9%
- Xponential Fitness price target lowered to $21 from $23 at Citi