Raymond James tells investors in a research note that the selloff in Xponential Fitness shares on Tuesday following a short report is overdone and the firm would use the pullback as a buying opportunity. The firm, which made no change to its Strong Buy rating, spoke with founder CEO Anthony Geisler and CFO John Meloun, both of whom addressed many of the allegations in the short report to the firm’s satisfaction.
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:
- XPOF Regains Footing after Wall Street Keeps Growth Thesis Intact
- Xponential Fitness management to meet virtually with Lake Street
- Evercore sees ‘little substance’ in short seller arguments on Xponential Fitness
- Xponential Fitness falls -34.1%
- Baird cuts Xponential Fitness target to $23 as short report presents overhang