Planet Fitness price target raised to $88 from $73 at Roth MKM

Roth MKM raised the firm’s price target on Planet Fitness to $88 from $73 and keeps a Buy rating on the shares. The company reported a “strong” Q2 result, its membership trends appear to have stabilized in recent months, and the firm expects increased pricing and revamped franchise agreements to help drive accelerated revenue growth next year, the analyst tells investors in a research note.