Peloton price target raised to $14 from $12 at Baird

Baird analyst Jonathan Komp raised the firm’s price target on Peloton to $14 from $12 and keeps a Neutral rating on the shares. The analyst raised his target but said he would avoid chasing the stock while noting the company has effectively addressed near-term liquidity concerns, but proving current initiatives can drive incremental and profitable growth will require some further heavy lifting.