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Fly News Breaks for December 9, 2019
PTON
Dec 9, 2019 | 08:35 EDT
Baird analyst Jonathan Komp met with Peloton management and came away incrementally more positive regarding its positioning for a strong holiday season. The company said they are disappointed with the interpretation of its "The Gift" commercial but said the controversy is helping drive brand awareness and its loyal members are showing support. The analyst expects the company to sustain near-term momentum and to demonstrate a quicker multi-year oath to profitability. Komp reiterated his Outperform rating and $35 price target on Peloton shares.
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