Planet Fitness price target lowered to $82 from $90 at Stifel

Stifel analyst Chris O’Cull lowered the firm’s price target on Planet Fitness (PLNT) to $82 from $90 and keeps a Hold rating on the shares. The firm updated several models in the Restaurants and Franchising group following the companies’ respective earnings reports and 10-K filings. For Planet, the firm’s FY25 EPS projections now include a higher level of SG&A investment as the company invests in its senior leadership structure as well as higher interest expense.