UPDATE: Piper Jaffray Raises Price Target on Life Time Fitness to $56

According to Piper Jaffray, Life Time Fitness

price target is raised to $56 Piper Jaffray said that it believes an improving economic environment is good for fitness clubs as it drives membership gains and minimizes attrition rates. “As such, we are raising our estimates and price target and remain Overweight heading into earnings on Thursday morning.” Life Time Fitness closed yesterday at $50.94.