JP Morgan Downgrades Planet Fitness to Neutral, Lowers Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Ivankoe has downgraded Planet Fitness (NYSE:PLNT) from Overweight to Neutral and lowered the price target from $70 to $52.
September 19, 2023 | 9:08 am
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Planet Fitness has been downgraded by JP Morgan from Overweight to Neutral, with a reduced price target of $52.
The downgrade from JP Morgan, a major financial institution, could negatively impact investor sentiment towards Planet Fitness. The lowered price target suggests that JP Morgan sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100