Planet Fitness price target raised to $82 from $78 at Stifel

Stifel analyst Chris O’Cull raised the firm’s price target on Planet Fitness to $82 from $78 and keeps a Buy rating on the shares. After hosting senior management for a series of investor meetings, Stifel notes that management remains confident in sustaining its “strong” membership growth and its development guidance. The firm remains confident in its Buy thesis for Planet Fitness, characterizing the company as a “dominant category leader.”