BofA raised the firm’s price target on Planet Fitness (PLNT) to $130 from $110 and keeps a Buy rating on the shares after having hosted a group meeting with CEO Colleen Keating, CFO Jay Stasz, and VP of IR Stacey Caravella at the ICR Conference. The firm, which believes Planet is seeing better results compared to its initial pilot with new $15 per month pricing for its classic card, thinks club growth should accelerate this year, the analyst tells investors.
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