UPDATE: Goldman Sachs Starts F45 Training Holdings (FXLV) at Neutral

(Updated - August 9, 2021 5:16 AM EDT)

Goldman Sachs analyst Kate McShane initiates coverage on F45 Training Holdings (NYSE: FXLV) with a Neutral rating and a price target of $22.00.

The analyst comments "We are initiating on FXLV with a Neutral rating as we see it as a solid unit growth story with fully-franchised model (and strong underlying unit economics) in the compelling health & wellness industry. We also highlight the brand’s differentiated and frequently-changing workout program, as well as collaboration with notable brand ambassadors, including Mark Wahlberg, Magic Johnson, David Beckham and Greg Norman. That said, we acknowledge the stock is likely to be limited by the recent increase in new COVID cases in the US and Australia with the majority tied to the Delta variant."

For an analyst ratings summary and ratings history on F45 Training Holdings click here. For more ratings news on F45 Training Holdings click here.

Shares of F45 Training Holdings closed at $16.02 yesterday.

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