Guggenheim Maintains Buy on Planet Fitness, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst John Heinbockel maintains a 'Buy' rating on Planet Fitness (NYSE:PLNT) but lowers the price target from $80 to $70.
September 18, 2023 | 1:17 pm
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Planet Fitness's price target has been lowered from $80 to $70 by Guggenheim, though the 'Buy' rating is maintained.
The lowering of the price target by Guggenheim could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the stock, which could counterbalance the negative sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100