Jefferies Downgrades Planet Fitness to Hold, Lowers Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Randal Konik has downgraded Planet Fitness (NYSE:PLNT) from Buy to Hold and lowered the price target from $90 to $56.
September 18, 2023 | 8:58 am
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Planet Fitness has been downgraded from Buy to Hold by Jefferies, with a lowered price target of $56.
The downgrade from Buy to Hold by Jefferies indicates a less optimistic outlook for Planet Fitness. The lowered price target from $90 to $56 suggests that the analyst believes the stock is overvalued at current levels. This could potentially lead to a decrease in the stock's price in the short term.
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IMPORTANCE 80
RELEVANCE 100