Xponential Fitness price target lowered to $13 from $14 at Roth Capital

Roth Capital analyst George Kelly lowered the firm’s price target on Xponential Fitness (XPOF) to $13 from $14 and keeps a Buy rating on the shares. One-time legal/lease expenses, elevated closures, and lagging development schedules obscured the resiliency of the company’s scaled brands, which are worth well in excess of the company’s current enterprise value, the analyst tells investors in a research note.