Jefferies reiterated a Buy rating and $175 price target on Planet Fitness (PLNT) after the company named former CFO Tom Fitzgerald as interim CFO following the departure of Jay Stasz. The firm likes the move as its immediately shifts the narrative off of communication confusion and back to the merits of what makes the Planet Fitness business model “one of the best out there.” With credibility being restored as share price dislocation is severe, the firm said it would buy shares “aggressively.”
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Jefferies says would buy Planet Fitness shares ‘aggressively’ after CFO move
