Life Time Fitness downgraded at Oppenheimer As noted earlier, Oppenheimer downgraded Life Time Fitness to Perform from Outperform. The firm thinks that weaker membership trends indicate that the company is encountering more difficult competition. Target to $50 from $54.
Life Time Fitness will convert to REIT, says Stifel Following Life Time Fitness' Q3 results conference call, Stifel says the question is not if but when the company will convert to a REIT. The firm notes that the company's revenue comp guidance has improved, and it thinks the business is well-positioned to deliver enhanced returns going forward. The firm keeps a Buy rating on the shares.