JP Morgan Downgrades Peloton Interactive to Neutral, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
JP Morgan has downgraded Peloton Interactive from Overweight to Neutral and reduced its price target from $7 to $5.

August 23, 2024 | 11:59 am
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JP Morgan analyst Doug Anmuth has downgraded Peloton Interactive from Overweight to Neutral, reducing the price target from $7 to $5. This reflects a more cautious outlook on Peloton's stock performance.
The downgrade from Overweight to Neutral by a major financial institution like JP Morgan suggests a less optimistic view on Peloton's future performance. The reduction in price target from $7 to $5 indicates expectations of lower stock valuation, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100