Investing.com -- In a Wednesday note to clients, Morgan Stanley analysts discussed the potential impacts on leisure stocks from Hurricane Milton Sun, a Category 5 storm approaching Florida.
The potential impacts on leisure stocks from Hurricane Milton Sun, a Category 5 storm approaching Florida, are varied across different companies. Some, like Planet Fitness ,” analysts said in the note. The company operates primarily under a franchise model, which helps insulate it from transitory events like hurricanes, and the storm is hitting during a low season for membership additions, further limiting the immediate financial risk."LTH only has five locations in Florida , with just one of them being in Tampa ."
The company has nine locations in Florida, about 10% of its total base. Five of these locations—Tampa, Orlando, Fort Myers, Lake Mary, and St. Petersburg—are in the hurricane’s projected path and are currently closed.