Telsey Advisory lowered the firm’s price target on Peloton (PTON) to $8 from $9 and keeps a Market Perform rating on the shares. Telsey is providing its outlook for 2026, the analyst tells investors. The firm expects the company to continue to prioritize profitability in 2026. Telsey believes CEO Peter Stern has done a “good job” setting the company’s strategy and views the company as in better shape financially.
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