Beachbody Company price target lowered to $4 from $6 at Roth Capital

Roth Capital analyst George Kelly lowered the firm’s price target on Beachbody Company (BODI) to $4 from $6 and keeps a Neutral rating on the shares after its Q2 results. The management has impressively reset the cost structure and strengthened the balance sheet, but until growth stabilizes, the stock likely remains range-bound, the analyst tells investors in a research note.