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Fly News Breaks for August 7, 2019
PLNT
Aug 7, 2019 | 08:46 EDT
Roth Capital analyst Dave King raised his price target for Planet Fitness to $86 from $80 after the company's results beat on stronger equipment revenue and lower expenses that offset slightly slower corporate comps. The analyst notes that management raised 2019 guidance to reflect the Q2 upside and accelerating store openings, though guidance does not include a possible Black Card pricing increase. He reiterates a Buy rating on the shares.
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