BofA lowered the firm’s price target on Planet Fitness (PLNT) to $115 from $125 and keeps a Buy rating on the shares. Gen Z and Millennials are increasingly prioritizing healthy ways of living and both Planet and Life Time Group (LTH) offer exposure to these trends, but at different ends of the value spectrum, the analyst tells investors. The firm notes that its target is based on 27-times its 2027 EPS estimate, a discount to its 35-times long-term average and in between other franchise models despite stronger mid-to-high teens EPS growth.
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Read More on PLNT:
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