Planet Fitness (PLNT) PT Raised to $58 at Cowen
Cowen raised its price target on Planet Fitness (NYSE: PLNT) to $58.00 (from $50.00) while maintaining an Outperform rating.
Analyst Oliver Chen said they were encouraged by +10.2% comps on top of LY's +9.0% comps driving a +3c EPS vs. expectations, revised FY18 revenue and comp guidance, and a $500mm share repurchase authorization.