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Top related persons:
Chris Rondeau - 2 Warren Cheng - 2 Cheng - 2 Simeon Siegel - 1 it's - 1 Jefferies - 1 Bahram Akradi - 1 PLNT - 1
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ISI - 2 GLP - 2 BMO Capital Markets - 1 Bank of America - 1 Wellness - 1 CNBC - 1 Holdings - 1 Nordisk's Ozempic - 1

Search resuls for: "Warren Cheng"


3 mentions found


☆ The 'Ozempic effect' is weighing on gym stocks. But it could turn out to be a boom for the industry
  + stars: | 2023-11-16 | by ( Brian Evans | ) www.cnbc.com   time to read: +5 min
Will gym stocks be hurt by an "Ozempic effect" similar to the blow that has rocked the medical device and food sector? Stock in Planet Fitness has slipped more than 16% from the start of the year, while Life Time has added roughly 20%. Planet Fitness sunk to a 52-week low in September after the company's board ousted Chris Rondeau as chief executive officer . PLNT YTD mountain Planet Fitness stock. At Life Time, anti-obesity medication is being incorporated into the weight loss programs it offers to members.
Persons: Simeon Siegel, it's, Jefferies, Chris Rondeau, Bahram Akradi, Warren Cheng, PLNT, Cheng, Jeff Zwiefel, Alexander Perry's, Perry, Curtis Harman, Harman, It's, Piper Sandler, Korinne Wolfmeyer, Wolfmeyer Organizations: BMO Capital Markets, ISI, Bank of America, GLP, Wellness, CNBC, Holdings, Nordisk's Ozempic
☆ Ride the weight loss drug wave with this gym stock set to nearly double, says Evercore ISI
  + stars: | 2023-10-17 | by ( Lisa Kailai Han | ) www.cnbc.com   time to read: +2 min
Planet Fitness shares could soar as new weight loss drugs become popular and users flock to the gym, according to Evercore ISI. Shares of Planet Fitness have dropped about 30% in 2023, plunging 16% in a single day last month when the company announced the surprise ousting of CEO Chris Rondeau . Although GLP-1 drugs aid weight loss by suppressing appetite, it's still essential for patients to adopt healthy habits for long-term success. This is a positive development for Planet Fitness, resulting in a rush of new gym memberships, Cheng said. He estimated that one million new members would amount to roughly 15% upside in earnings per share for Planet Fitness by 2025.
Persons: Warren Cheng, Evercore, Chris Rondeau, Cheng, Citi's Peter Verdult, —, Christina Cheddar, Berk, Michael Bloom Organizations: Fitness, ISI, GLP, Planet Fitness, Planet
☆ Foot Locker's new leadership can drive big gains for the retailer, Citi says
  + stars: | 2023-03-21 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Foot Locker is moving in the right direction under leadership, according to Citi. Lejuez's new price target implies the stock could rally 25.4% from where it closed Monday. Despite reporting a slide in holiday-quarter earnings , Foot Locker leadership shared details about a renewed relationship with Nike . Foot Locker shares gained 3.2% in premarket trading Tuesday coming off Monday's investor day . He also said there could be upside to the target price if management can execute its plan to grow sales.
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