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Fly News Breaks for April 23, 2018
PLNT
Apr 23, 2018 | 09:34 EDT
DA Davidson analyst Andrew Burns kept his Buy rating and $45 price target on Planet Fitness ahead of its Q1 results, saying the company is well positioned to "obtain better real estate locations at more favorable lease terms" amid accelerating retail shift toward e-commerce. Burns further notes that despite the "significant unit and membership growth in recent years", the company still has "tangible" domestic and international expansion opportunities as it remains "under-penetrated" in most markets.
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