Raymond James Maintains Strong Buy on Planet Fitness, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Joseph Altobello maintains a Strong Buy rating on Planet Fitness (PLNT) and raises the price target from $75 to $80.
May 10, 2024 | 4:56 pm
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Raymond James has reaffirmed its Strong Buy rating on Planet Fitness and increased the price target from $75 to $80, indicating a positive outlook on the stock.
The upgrade in the price target by a reputable analyst like Joseph Altobello from Raymond James typically signals a strong conviction in the company's future performance. This endorsement can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100