TD Cowen Maintains Outperform on Planet Fitness, Lowers Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Max Rakhlenko maintains an Outperform rating on Planet Fitness (NYSE:PLNT) but lowers the price target from $80 to $72.
August 08, 2023 | 7:09 pm
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Planet Fitness' price target has been lowered from $80 to $72 by TD Cowen, though the Outperform rating is maintained.
The lowering of the price target by TD Cowen 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