Planet Fitness (PLNT) PT Raised to $58 at Cowen
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Price: $51.84 +1.53%
Rating Summary:
18 Buy, 10 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 1 | Down: 4 | New: 14
Rating Summary:
18 Buy, 10 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 1 | Down: 4 | New: 14
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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.
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