Planet Fitness (PLNT) PT Lowered to $66 at Piper Sandler Following CEO Exit, Says 'We View as Positive Strategically Despite Risks'

Planet Fitness (PLNT) cut at Jefferies as CEO departure 'could create more uncertainty'

Planet Fitness (NYSE: PLNT) was downgraded to hold from Buy at Jefferies on Monday, with analyst Randal Konik lowering the price target to $56 from $90 per share.

Konik cut the stock following the shock news on Friday that the PLNT board has ousted... More

TD Cowen Downgrades Planet Fitness (PLNT) to Market Perform

(Updated - September 15, 2023 2:34 PM EDT)

TD Cowen analyst Max Rakhlenko downgraded Planet Fitness (NYSE: PLNT) from Outperform to Market Perform with a price target of $55.00 (from $72.00).

The analyst comments "We downgrade PLNT to Market Perform following the Board's decision to... More

Planet Fitness (PLNT) shares plunge as board ousts CEO

(Updated - September 15, 2023 2:38 PM EDT)

Planet Fitness (NYSE: PLNT) shares plunged Friday after news the company's board ousted veteran Chris Rondeau from his post as chief executive.

Shares of the fitness center operator and franchisor plunged 15% on the news.

Planet Fitness said Craig Benson, a member of the company's board, has... More

Stocks were falling as investors await direction from the Fed on rates

Investing.com -- U.S. stocks were falling on Friday as investors turn their attention to the Federal Reserve's next interest rate decision.

At 12:40 ET (16:40 GMT), the Dow Jones Industrial Average was down 170 points or 0.5% while the S&P 500 was down 0.8% and the NASDAQ Composite was down 1.1%.

The three major Wall Street indices posted strong gains on Thursday, helped by the positive reaction to the debut of chip designer Arm (NASDAQ:... More

Planet Fitness (PLNT) CEO change could have been activist related

An event driven analyst thinks activist activity could be behind today's CEO change at Planet Fitness (NYSE: PLNT). Today, the company announced Chris Rondeau's departure as the Company's CEO, with board member Craig Benson taking his place as interim CEO. SRS... More

Planet Fitness (PLNT) announces Chris Rondeau's departure CEO

Planet Fitness, Inc. (NYSE: PLNT) (the "Company"), today announced that Craig R. Benson, a member of the Company's Board of Directors, has been appointed Interim Chief Executive Officer, effective immediately. Benson's appointment follows the decision by the Board to transition to new leadership, resulting in Chris Rondeau's departure as the Company's CEO. Rondeau will continue to serve as a member of the Company's Board of Directors and will be nominated for re-election at the Company's 2024 Annual... More