UBS Downgrades Peloton Interactive (PTON) to Sell; Risk/Reward Skewed to Downside
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(Updated - January 19, 2021 7:34 AM EST)
UBS analyst Eric Sheridan downgraded Peloton Interactive (NASDAQ: PTON) from Neutral to Sell with a price target of $124.00 (from $115.00).
The analyst comments "While we still think Peloton has a long term opportunity to disrupt traditional fitness business models, we downgrade it to Sell to risk/reward skewed to the downside from current levels. Additionally, we update our model to reflect the Precor acquisition (expected in close in early calendar year 2021) and lower our out-year revenue estimates (FY'23-'25) to reflect more normalized growth rates after COVID-19."
Shares of Peloton Interactive closed at $165.25 yesterday.
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Create E-mail Alert Related CategoriesAnalyst Comments, Analyst PT Change, Downgrades, Hot Comments, Hot Downgrades
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