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Fly News Breaks for May 3, 2019
PLNT
May 3, 2019 | 06:03 EDT
Piper Jaffray analyst Peter Keith recommends buying shares of Planet Fitness on today's post-earnings selloff. Comp growth remained 10% and margins saw nice expansion, Keith tells investors in a research note. The analyst views the maintained annual guidance as conservative and reiterates an Overweight rating on the shares with an $84 price target. He continues to see ~30% earnings growth for Planet Fitness thought at least 2020.
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