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Fly News Breaks for February 26, 2020
PLNT
Feb 26, 2020 | 07:32 EDT
Wedbush analyst James Hardiman raised his price target for Planet Fitness to $77 from $69 following quarterly results. The analyst notes that Q4 was not dissimilar from many quarters for the company, with a modest beat versus the Street and more in-line results versus his estimates. Similarly, the 2020 guidance was modestly beneath estimates, but not so far short that when factoring in the company's traditional conservatism, he feels obligated to cut his numbers. Hardiman has a Neutral rating on the shares.
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