Planet Fitness (PLNT) Reports Q2 EPS of $0.17; Issues Solid Outlook

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Piper Jaffray Raises Price Target on Planet Fitness (PLNT) to $23 Following 2Q Report

August 12, 2016 7:50 AM EDT

Piper Jaffray reiterated an Overweight rating on Planet Fitness (NYSE: PLNT), and raised the price target to $23.00 (from $21.00), following the company's 2Q earnings report. System-wide comparable sales grew 7.6% during the quarter, better than the 5.9% the street was expecting and an increase from 6.8% in Q1.... More