Xponential Fitness price target raised to $20 from $18 at Stifel

Stifel analyst Chris O’Cull raised the firm’s price target on Xponential Fitness (XPOF) to $20 from $18 and keeps a Buy rating on the shares. Last year, the company ran Black Friday new member promos at StretchLab and Pure Barre, notes the firm, which does not expect those promos to be repeated this year. In light of this, the firm decided to “take a more conservative approach” with its comp projection and expects full-year same-store sales growth of about 6.0%, unchanged from its previous full-year estimate.