Evercore ISI initiated coverage of Life Time Group (LTH) with an Outperform rating and $29 price target The company offers a “unique proposition,” providing upscale athletic country clubs with massive footprints in suburban areas to smaller formats in highly dense metropolitan cities targeting high-income families, the analyst tells investors in a research note. The firm thinks Life Time’s shift from an asset heavy strategy to one that is asset light through a series of sales and lease backs will allow it to obtain a much higher return on invested capital over the long term.
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Read More on LTH:
- Life Time Group reports Q3 EPS 19c, consensus 20c
- Life Time Group raises FY24 revenue view to $2.6B-$2.61B from $2.56B-$2.59B
- LTH Earnings this Week: How Will it Perform?
- Life Time Group expands relationship with National Academy of Sports Medicine
- Life Time Group price target raised to $29 from $21 at Morgan Stanley
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