Why Peloton Stock Slipped Today

Shares of connected fitness-equipment maker Peloton Interactive (NASDAQ: PTON) took a tumble Thursday and were down 3.8% as of 10:10 a.m. ET today.

In a note out this morning, Citigroup cut its price target on neutral-rated Peloton by 31%, to just $38 per share.

Image source: Getty Images.

Source Fool.com