Macquarie Downgrades Peloton Interactive to Neutral, Announces $7 Price Target
Portfolio Pulse from richadhand@benzinga.com
Macquarie analyst Paul Golding has downgraded Peloton Interactive (NASDAQ:PTON) from Outperform to Neutral and set a new price target of $7.
August 30, 2023 | 9:50 am
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Peloton Interactive has been downgraded to Neutral from Outperform by Macquarie, with a new price target of $7.
The downgrade from Outperform to Neutral by a major analyst like Macquarie is likely to negatively impact the stock price of Peloton Interactive in the short term. The new price target of $7 also suggests a bearish outlook for the stock.
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