Bank of America Downgrades Planet Fitness Following Earnings Disappointment
Bank of America downgraded Planet Fitness to 'Neutral' from 'Buy' and cut its price target to $59 from $110 after the company reported weaker-than-expected membership growth and revised its outlook. The downgrade reflects concerns over the company's near-term performance and marketing strategy adjustments.
Topics: Bank of America Earnings Membership Trends Planet Fitness Stock Price Target