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Planet Fitness price target raised to $120 from $110 at Guggenheim

Guggenheim analyst John Heinbockel raised the firm’s price target on Planet Fitness (PLNT) to $120 from $110 and keeps a Buy rating on the shares. The company’s reiterated 2025 guidance for 10% sales and EBITDA growth suggests a 300-500 basis point slowdown during the next six months, which is a scenario the firm views as “overly conservative,” says the analyst, who raised the firm’s estimates to flow through the Q2 beat.

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