KeyBanc last night initiated coverage of Life Time Group (LTH) with an Overweight rating and $40 price target The firm says strong industry trends and increasing consumer focus on fitness, health and wellness across demographics create a “very favorable backdrop” for the fitness industry. KeyBanc views Life Time as a premium fitness brand with “resilient” end market exposure. The shares offer compelling value at current levels, the analyst tells investors in a research note.
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