Planet Fitness shares are trading lower after JP Morgan downgraded the stock from Overweight to Neutral.
Portfolio Pulse from Benzinga Newsdesk
JP Morgan has downgraded Planet Fitness from Overweight to Neutral, leading to a decrease in the company's stock price.
September 19, 2023 | 2:04 pm
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Planet Fitness' stock was downgraded by JP Morgan, which has resulted in a decrease in its stock price.
JP Morgan's downgrade of Planet Fitness from Overweight to Neutral indicates a less optimistic outlook for the company's stock. This has led to a decrease in the stock price, as investors adjust their expectations based on this new rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100