BMO Capital keeps a Market Perform rating and $6.50 price target on Peloton, saying the firm’s recent meetings with the company’s management were “upbeat”, balancing its focus on “sustainable profits” with ongoing perspectives on growth. The discussion touched on Peloton’s new/improved product adjacencies such as Strength+), pricing, G&A, and other saving opportunities, instructors, the ongoing CEO search and efforts to broaden the brand’s reach, the analyst tells investors in a research note.
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