JP Morgan Maintains Overweight on Peloton Interactive, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Doug Anmuth maintains an Overweight rating on Peloton Interactive (NASDAQ:PTON) but has lowered the price target from $14 to $12.
August 24, 2023 | 2:25 pm
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JP Morgan has maintained an Overweight rating on Peloton Interactive but lowered the price target from $14 to $12.
The news is directly about Peloton Interactive. The Overweight rating suggests that JP Morgan expects the stock to outperform the market, which is positive. However, the lowering of the price target could be seen as a negative signal, suggesting that JP Morgan expects less upside than before. The net impact is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100