Peloton Interactive (PTON) PT Lowered to $2.50 at Morgan Stanley
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Peloton (PTON) cut to Neutral at Citi on more limited visibility
May 6, 2024 11:55 AM EDTOn Monday, Citi downgraded for Peloton (NASDAQ: PTON), shifting the rating to Neutral from Buy. The firm also reduced the price target for the connected fitness equipment company's shares to $4, a significant decrease from the previous $8 per share.
The downgrade follows recent management changes and the introduction of a $200 million restructuring plan... More
