Market Overview

UPDATE: Feltl & Company Reiterates Strong Buy, $70 PT on Expansion, Growth Outlook

Related LTM
Top 4 NYSE Stocks In The Sporting Activities Industry With The Highest Revenue
UPDATE: Stifel Downgrades Life Time Fitness As Risk/Reward Appears Geared To Downside
Life Time Fitness' (LTM) CEO Bahram Akradi on Q4 2014 Results - Earnings Call Transcript (Seeking Alpha)

Feltl & Company reiterated its Strong Buy and $70 price target on Life Time Fitness (NYSE: LTM), offering a positive outlook on company growth into new, high-quality locations.

In the report, Feltl & Company stated, "The Mount Laurel township board gave final approval to Life Time Fitness's plan to build a 102,000 square foot facility in that suburban Philadelphia location. … After opening three units annually the last several years, growth will accelerate in 2013 or 2014 when LTM's development increases to 4-5 units annually. We believe the majority of the accelerated openings will be in East Coast or California (see our note May 16 note on LTM expanding to Laguna Nigel in Orange County) locations starting next year, which makes this growth much greater than it appears."

Shares of Life Time Fitness were trading at $47.19 at the time of posting, down 1.05% from Tuesday's market close.

Latest Ratings for LTM

Feb 2015KeyBancDowngradesBuyHold
Jan 2015Stifel NicolausDowngradesBuyHold
Oct 2014Stifel NicolausMaintainsBuy

View More Analyst Ratings for LTM
View the Latest Analyst Ratings

Posted-In: Feltl & CompanyAnalyst Color Price Target Reiteration Intraday Update Analyst Ratings


Related Articles (LTM)

Around the Web, We're Loving...

Get Benzinga's Newsletters