Morgan Stanley Maintains Equal-Weight on Peloton Interactive, Raises Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained an Equal-Weight rating on Peloton Interactive and raised its price target from $2.5 to $3.5.
August 23, 2024 | 2:20 pm
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Morgan Stanley has maintained an Equal-Weight rating on Peloton Interactive and increased its price target from $2.5 to $3.5, indicating a more optimistic outlook.
The increase in price target from $2.5 to $3.5 by Morgan Stanley suggests a more positive outlook on Peloton's future performance, which could lead to a short-term increase in stock price. The maintained Equal-Weight rating indicates a balanced view, but the raised target is a positive signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100