Morgan Stanley Assumes Planet Fitness at Overweight, Announces Price Target of $62
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Megan Alexander has assumed Planet Fitness (NYSE:PLNT) with an Overweight rating and set a price target of $62.
September 27, 2023 | 12:09 pm
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POSITIVE IMPACT
Morgan Stanley has given Planet Fitness an Overweight rating and a price target of $62, which could positively impact the company's stock.
Analyst ratings and price targets can significantly influence a company's stock price. In this case, Morgan Stanley's Overweight rating suggests they believe Planet Fitness' stock will outperform the market, while the price target of $62 indicates where they believe the stock's price will reach. This could lead to increased investor confidence and a potential rise in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100