Life Time Group Holdings Inc (LTH) PT Raised to $25 at Deutsche Bank

Deutsche Bank analyst Chris Woronka raised the price target on Life Time Group Holdings Inc (NYSE: LTH) to $25.00 (from $24.00) while maintaining a Buy rating.

The analyst comments "We continue to like the path forward for LTH, which in our view consists of three key prongs: same-store top line growth, unit expansion, and inflection to positive net cash flow after growth cap-ex (with subsequent de-leveraging of the balance sheet). We believe there is still a high flowthrough pricing (i.e., monthly dues increase) component to the LTH story, although we also see expanded focus on improving capture rates and margins on ancillary offerings (F&B, spa) and add-on services (ARORA, DPT, Stretch) as an under-appreciated aspect of the intermediate term growth agenda."

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