B of A Securities Downgrades Peloton Interactive to Underperform
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Curtis Nagle has downgraded Peloton Interactive (NASDAQ:PTON) from Neutral to Underperform.
October 19, 2023 | 1:26 pm
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Peloton Interactive has been downgraded from Neutral to Underperform by B of A Securities, which could negatively impact the stock's performance.
Analyst ratings often have a significant impact on a company's stock price. A downgrade from Neutral to Underperform suggests that the analyst believes the company's stock will underperform the market or its sector. This could lead to a decrease in the stock's price as investors adjust their expectations.
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IMPORTANCE 80
RELEVANCE 100