B of A Securities Maintains Buy on Planet Fitness, Lowers Price Target to $80
Portfolio Pulse from jenniferd'souza@benzinga.com
B of A Securities analyst Rafe Jadrosich maintains a Buy rating on Planet Fitness (NYSE:PLNT) but lowers the price target from $95 to $80.
August 04, 2023 | 4:51 pm
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Planet Fitness's price target has been lowered from $95 to $80 by B of A Securities, though the Buy rating is maintained.
The lowering of the price target by B of A Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Buy rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100