Life Time Group price target raised to $25 from $21 at Wells Fargo

Wells Fargo raised the firm’s price target on Life Time Group to $25 from $21 and keeps an Equal Weight rating on the shares. The company’s Q3 pre-announcement implies a “solid quarter all around” as Life Time looks to be executing well, with the set-up for 2025 also looking “solid”, the analyst tells investors in a research note. The firm remains at neutral due to valuation however, with an enterprise value to expected forward EBITDA multiple of 8.5-times in line with the stock’s historical average, Wells Fargo added.