Planet Fitness Maintains Buy Rating as TD Cowen Sees Balanced Risk-Reward

TD Cowen reiterated its Buy rating and $100 price target on Planet Fitness (NYSE: PLNT), while adjusting its conviction level on the stock. The firm said it continues to view Planet Fitness as an attractive investment, noting that valuation appears to have bottomed at around 12x EBITDA and that the overall risk-reward profile remains favorable. However, the analyst lowered the stock’s standing within its conviction list, citing reduced confidence in the near-term catalyst path that had been anticipated in D ...