Peloton Gains as Bank of America Turns Bullish on Profit Outlook, New CEO
- Analyst upgrades stock by two notches on Ebitda strength
- Incoming CEO Stern can help revive user growth, BofA says
A Peloton store in Palo Alto, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Peloton Interactive Inc. picked up rare buy rating Monday as Bank of America Corp. upgraded the fitness company by two notches, touting its profit outlook and a positive view of its new chief executive.
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