Credit Suisse Starts Planet Fitness (PLNT) at Outperform

Credit Suisse initiates coverage on Planet Fitness (NYSE: PLNT) with a Outperform rating and a price target of $19.00, saying the differentiated model and multiple growth drivers put the story in good shape.

Analyst S. Sigman commented, "We view PLNT as a unique growth story, blending a best-in-class franchise model, with a differentiated consumer proposition (supported by our proprietary survey) that points to double-digit store growth, ~10% top-line growth, and 20%+ bottom-line growth. We see the current stock price rising from a combination of EPS upside and multiple expansion."

For an analyst ratings summary and ratings history on Planet Fitness click here. For more ratings news on Planet Fitness click here.

Shares of Planet Fitness closed at $16.78 yesterday.

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