Peloton price target raised to $20 from $13 at Roth Capital

Roth Capital analyst George Kelly raised the firm’s price target on Peloton to $20 from $13 and keeps a Buy rating on the shares. The company’s margins and new equipment demand remain challenged, which could keep the stock range bound in the near term, but Peloton is still expected to consolidate share over time, the analyst tells investors in a research note.