Fly News Breaks for November 5, 2018
PLNT
Nov 5, 2018 | 06:12 EDT
Piper Jaffray analyst Peter Keith reiterates an Overweight rating on Planet Fitness with a $61 price target ahead of what he thinks will be positive Q3 results tomorrow. The company "checks off all the boxes for Consumer-oriented names to own in a volatile, late bull market with rising interest rates," Keith tells investors in a pre-earnings research note. Planet Fitness has little/no tariff exposure, no interest rate exposure and a "steady" subscription model with automatic recurring monthly payments, says the analyst. Keith calls Planet Fitness his favorite SMID cap idea.
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