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

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.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on PLNT:

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App