Planet Fitness (NYSE: PLNT) Price Target Raised Following Strong Q3 Earnings
Not every measure improves. Net income attributable to Planet Fitness falls to $52.00 million from $58.80 million a year earlier, while diluted earnings per share stay at $0.70. The company also repurchases $50.00 million of Class A shares and announces a new $500.00 million share-repurchase authorization, which allows further buybacks but does not require them. Raymond James analyst Joseph Altobello raised the price target for Planet Fitness (NYSE: PLNT) stock to $72.00, suggesting a 19.9% upside from its ...