JP Morgan Upgrades Planet Fitness to Overweight, Raises Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Rahul Krotthapalli upgraded Planet Fitness (PLNT) from Neutral to Overweight and increased the price target from $68 to $78.
May 14, 2024 | 12:24 pm
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Planet Fitness was upgraded by JP Morgan from Neutral to Overweight with a price target increase from $68 to $78, indicating a bullish outlook on the stock.
Upgrades by major financial institutions like JP Morgan typically lead to increased investor confidence and can drive up the stock price in the short term. The upgrade from Neutral to Overweight suggests that JP Morgan sees significant upside potential in PLNT, and the increase in price target further emphasizes their positive outlook on the company's future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100