Oppenheimer Has Outperform On Life Time Fitness (LTM)

Oppenheimer & Co. has an Outperform rating and a $49 price target on shares of Life Time Fitness LTM. In a note to investors, Oppenheimer writes, "Life Time Fitness represents one of the most compelling up-and-coming unit growth stories among leading specialty consumer companies, in our view. Shares have tended to trade erratically around LTM quarterly reports. We look favorably on prospects for LTM into this week's Q1 announcement given: a) subdued market expectations and b) potential for indications of continued fundamental strength at the chain. Ongoing improvements in the macro-environment together with better trends in discretionary spending bode well for growth in memberships and in-center sales at LTM. Data suggest that initial results at the company's new higher end NY facility continue to track well. Management has well telegraphed the potential for an uptick in churn following recent proactive pricing adjustments at the chain." Shares of LTM gained 97 cents yesterday to close at $37.72, a gain of 2.6%.