Wolfe Research Downgrades Peloton Interactive to Underperform, Announces $6 Price Target
Portfolio Pulse from richadhand@benzinga.com
Wolfe Research analyst Deepak Mathivanan downgraded Peloton Interactive (NASDAQ:PTON) from Peer Perform to Underperform and announced a $6 price target.
June 21, 2023 | 9:03 am
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Peloton Interactive has been downgraded to Underperform by Wolfe Research, with a new price target of $6.
The downgrade from Peer Perform to Underperform by Wolfe Research analyst Deepak Mathivanan indicates a negative outlook for Peloton Interactive. The new price target of $6 suggests a significant decrease in the stock's value, which is likely to impact the stock price negatively in the short term.
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