Planet Fitness price target raised to $93 from $82 at Stifel

Stifel analyst Chris O’Cull raised the firm’s price target on Planet Fitness to $93 from $82 and keeps a Buy rating on the shares. He came away from Planet’s ICR presentation and meetings "increasingly confident" in his view that the underlying fundamentals of the business remain strong, O’Cull tells investors. Management’s commentary at the industry conference also supported his belief that new unit returns remain intact, O’Cull added.