Planet Fitness Rises as Jefferies Says 'Stars Have Aligned' for Stock

Key Takeaways Planet Fitness (PLNT) shares rose in intraday trading Monday following an upgrade from Jefferies, which was optimistic about new leadership and the potential gain in the number of franchises for the gym operator. The strategists explained that the company's long-term opportunity "is attractive and risk skews to the upside at current levels." Jefferies noted that the comments it received about new Chief Executive Officer (CEO) Colleen Keating, who took the helm today, were positive, and that "w ...