Stifel analyst Chris O’Cull raised the firm’s price target on Planet Fitness (PLNT) to $125 from $120 and keeps a Buy rating on the shares. The company delivered another quarter of accelerating momentum, with impressive 6.9% comp growth and solid member join trends in the historically softer Q3 period, leading management to raise full-year SSS and earnings guidance, the analyst tells investors in a research note. The firm added that the narrative around churn has notably improved.
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