Planet Fitness price target lowered to $77 from $80 at RBC Capital

RBC Capital analyst Christopher Carril lowered the firm’s price target on Planet Fitness to $77 from $80 and keeps an Outperform rating on the shares. The company’s Q1 results were in line with expectations, though the management cited a myriad of headwinds in the quarter, including an elevated levels of cancellations following the bathroom policy controversy in March, the analyst tells investors in a research note.