Planet Fitness Called the 'Walmart of Gyms' by Jefferies; Shares Rise
Walmart(WMT) Investopedia·2024-12-18 04:21
Key TakeawaysJefferies analysts boosted their price target on Planet Fitness, calling the gym operator the "Walmart of Gyms," alluding to the chain's large size and low prices.The analysts made Planet Fitness their Top Pick for 2025 in the fitness & wellness sector, and maintained a "buy" rating on the stock.Jefferies said Planet Fitness is benefiting from healthy living trends and from charging higher membership prices. Planet Fitness (PLNT) shares advanced Tuesday after Jefferies research analysts called ...