TD Cowen Downgrades Planet Fitness to Market Perform, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Max Rakhlenko has downgraded Planet Fitness (NYSE:PLNT) from Outperform to Market Perform and lowered the price target from $72 to $55.
September 15, 2023 | 5:44 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Planet Fitness has been downgraded by TD Cowen from Outperform to Market Perform, with a lowered price target from $72 to $55.
The downgrade from Outperform to Market Perform by TD Cowen, along with a significant reduction in the price target, indicates a less optimistic outlook for Planet Fitness. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100