UBS Maintains a 'Neutral' on Life Time Fitness (LTM); Powering Ahead

UBS maintains a 'Neutral' on Life Time Fitness (NYSE: LTM) price target of $41.00.

UBS analyst says, "LTM’s reported 3Q’11 results were strong on many metrics: LTM reported EPS of $0.67, which was in-line with our estimate of $0.67 but above the consensus of $0.65. LTM experienced accelerating metrics in average revenue per member, attrition reduction, 2-year stacked same-center revenue growth, and dues revenue growth, while also experiencing positive growth in other key drivers in a tough economic environment." (UBS raises FY11 EPS estimate from $2.33 to $2.37, but slightly lowers FY12 from $2.59 to $2.56)

For more ratings news on Life Time Fitness click here and for the rating history of Life Time Fitness click here.

Shares of Life Time Fitness closed at $40.67 yesterday.

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