Planet Fitness price target raised to $115 from $110 at RBC Capital

RBC Capital raised the firm’s price target on Planet Fitness (PLNT) to $115 from $110 and keeps an Outperform rating on the shares. The company’s Q3 results were “solid” as it beat and raised top and bottom line, the analyst tells investors in a research note. Churn, following the click-to-cancel rollout in May, was a debate heading into the print, though an in-line member net adds likely assuages investor consternation around the potential for higher-than-expect churn, the firm added.