Baird analyst Jonathan Komp raised the firm’s price target on Planet Fitness to $80 from $65 and keeps an Outperform rating on the shares. The firm said despite further trimming 2023E system units to +150-160, the company outlined five elements of a new growth plan that helps to reduce 2024E downside risks while positioning to re-accelerate by 2025E.
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Read More on PLNT:
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- Planet Fitness reports Q3 adjusted EPS 59c, consensus 55c
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