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Fly News Breaks for August 7, 2019
PLNT
Aug 7, 2019 | 06:07 EDT
Piper Jaffray analyst Peter Keith recommends using any post-earnings weakness in shares of Planet Fitness as a buying opportunity. The company's comp growth remained in the high-single-digits and margins saw nice expansion, Keith tells investors in a research note. Further, while the full year guidance was raised, it still looks fairly conservative, adds the analyst. He expects Planet Fitness to exceed its full year earnings target of 26% and reiterates an Overweight rating on the shares with an $84 price target.
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