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Raymond James sees growth opportunity in Planet Fitness' 'judgment free' gyms

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Bernard Weil | Toronto Star | Getty Images

Planet Fitness' affordable and inclusive business model is working for the stock and will drive future growth, according to Raymond James.

Raymond James initiated coverage on Planet Fitness with an outperform rating and a 12-month price target of $80, betting that the the gym's unique business structure will send the stock even higher.

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