Evercore ISI lowered the firm’s price target on Peloton to $7 from $10 and keeps an In Line rating on the shares following what the firm describes as “a Mixed and Lower” fiscal Q4 report. While the firm agrees with the company’s key initiatives as “the right way forward,” it doesn’t see any of them as near-term growth catalysts and acknowledges that it “takes time to accelerate growth,” the analyst tells investors.
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