Analyst Slashes Peloton Price Target 33% Over Treadmill Recall
Peloton Interactive (NASDAQ: PTON) is going to feel the effect of its treadmill recall financially, an analyst believes, but the growth of the at-home fitness trend will do a lot to soften the blow.
Still, he just slashed his price target on the manufacturer of home fitness equipment from $180 per share to $120, even as he maintained his buy rating on the stock.
Image source: Peloton Interactive.
Source Fool.com
