Macquarie Maintains Outperform on Planet Fitness, Lowers Price Target to $77
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Paul Golding maintains an Outperform rating on Planet Fitness (NYSE:PLNT) but lowers the price target from $85 to $77.

August 30, 2023 | 7:01 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Planet Fitness' price target has been lowered from $85 to $77 by Macquarie, though the Outperform rating is maintained.
The lowering of the price target by Macquarie could potentially create a negative sentiment among investors, however, the maintained Outperform rating indicates that the analyst still sees potential in the stock. This mixed signal could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100