Stifel analyst Chris O’Cull raised the firm’s price target on Planet Fitness (PLNT) to $130 from $125 and keeps a Buy rating on the shares after Planet outlined its strategic growth plan aimed at evolving its consumer appeal at its first investor day in three years. The firm is “particularly impressed” with the team led by CEO Colleen Keating, who has “infused a new level of sophistication into various functions previously lacking,” giving it confidence in the execution of the plan, the analyst tells investors.
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