Raymond James Maintains Strong Buy on Planet Fitness, Lowers Price Target to $66
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Joseph Altobello has maintained a 'Strong Buy' rating on Planet Fitness (NYSE:PLNT), but lowered the price target from $87 to $66.

September 18, 2023 | 11:11 am
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Planet Fitness' price target has been lowered from $87 to $66 by Raymond James, though the 'Strong Buy' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on the stock price in the short term. However, the maintained 'Strong Buy' rating indicates that the analyst still sees significant upside potential in the stock, which could offset the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100