1274 days ago • Posted by Charles-Henry Monchau
Goldman is downgrading Peloton (PTON) from BUY to HOLD
"We are downgrading Peloton to Neutral from Buy. Since adding PTON to the Americas Buy List on 10/21/2019, PTON shares are +458% vs. the S&P 500 +14% (...) with recent outperformance the stock has essentially reached our prior price target of $138 ahead of our expected timeline, suggesting much of the near term opportunity is priced in. We also see some risk to December guidance when the company reports Sept. quarter earnings given shipping delays caused by congestion at the Port of Los Angeles" - source: Goldman Sachs, The Market Ear
