Xponential Fitness price target lowered to $15 from $16 at Raymond James

Raymond James lowered the firm’s price target on Xponential Fitness (XPOF) to $15 from $16 and keeps a Strong Buy rating on the shares. The company’s leading position in the attractive boutique fitness market and numerous growth opportunities more than offset any macroeconomic, competitive or execution risks, the analyst tells investors in a research note. The firm doesn’t see the ongoing DOJ and SEC probes as major risks to the company.