Telsey Advisory lowered the firm’s price target on Peloton (PTON) to $6 from $8 and keeps a Market Perform rating on the shares. The firm believes Peloton is on “better financial footing” compared to a yer ago, with improved profitability and a stronger balance sheet, the analyst tells investors. However, the firm notes it has yet to see evidence of a near-term inflection to growth in hardware sales and member count.
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