LTH - Life Time Group is on watch as analyst coverage opens up

Analyst coverage begins on Life Time Group Holdings (NYSE:LTH) with a split of positive and cautious views on the health and wellness stock. Firms in the bull camp include Guggenheim (Buy, price target $21), Deutsche Bank (Buyy, $21 PT) and RBC Capital Markets (Outperform, $23 PT), while BMO Capital Markets (Market Perform, $20 PT), Goldman Sachs (Neutral, $23 PT), Wells Fargo (Hold, $19 PT) and Morgan Stanley (Equal-weight, $21) are more cautious. BofA's major bull points on LTH:" (1) benefits from multigenerational membership base (60% of LTH memberships are families) and omnichannel offering; (2) significant pricing opportunity as we expect ~10% increase in avg. membership pricing given mix toward higher tier center openings & legacy price increases (2/3rds of members below new join rates); (3) significant whitespace opportunity especially given COVID-19 fitness club closures; (4) new asset-light development model generates attractive returns; (5) strong network effect benefits as center density

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Life Time Group is on watch as analyst coverage opens up