Peloton price target raised to $12 from $11 at Roth MKM

Roth MKM raised the firm’s price target on Peloton (PTON) to $12 from $11 and keeps a Buy rating on the shares after its Q2 results. The management’s focus on subscriber experience and cost efficiency is driving substantial EBITDA and free cash flow growth, and the firm sees further upside from potential subscriber pricing and debt paydown, the analyst tells investors in a research note.