Exane BNP Paribas Upgrades Planet Fitness (PLNT) to Outperform
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Planet Fitness (PLNT) PT Raised to $100 at BofA Securities
September 6, 2024 10:13 AM EDTBofA Securities analyst Rafe Jadrosich raised the price target on Planet Fitness (NYSE: PLNT) to $100.00 (from $95.00) while maintaining a Buy rating.
The analyst comments "We believe new PLNT units built after PLNTs classic card increase on 6/28 should experience 4-wall EBITDA margins (~38-40%) and cash on cash returns (~30%) in line with pre-COVID levels, likely... More
