RBC Capital Maintains Outperform on Planet Fitness, Lowers Price Target to $78
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Christopher Carril maintains an Outperform rating on Planet Fitness (NYSE:PLNT) but lowers the price target from $86 to $78.

August 04, 2023 | 3:50 pm
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Planet Fitness's price target has been lowered from $86 to $78 by RBC Capital, though the Outperform rating is maintained.
The lowering of the price target by RBC Capital could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Outperform rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100