PLNT - Planet Fitness draws more attention as re-opening stock play
Planet Fitness ([[PLNT]] +3.5%) is higher in mid-day trading after a positive mention in the Motley Fool blog.It is pointed out that Planet Fitness saw relatively modest declines in membership last year even as some rivals went bankrupt. The gym club operator is also noted to be already seeing positive trends in membership as part of the economy reopening.Planet Fitness hasn't backed off from its aggressive growth plans that also includes international markets.Wall Street leans bullish on Planet Fitness with 9 Buy-equivalent ratings on the books vs. 6 Neutral-equivalent ratings and 1 Sell-equivalent rating.Investors are confident on Planet Fitness as well, bidding up shares 25% over the last six months.
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Planet Fitness draws more attention as re-opening stock play