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Fly News Breaks for February 3, 2020
PTON
Feb 3, 2020 | 16:28 EDT
BMO Capital analyst Simon Siegel initiated coverage of Peloton with a Market Perform rating and $27 price target. The analyst says he "could not be more positive on Peloton, the product", but sees the company's total addressable market with "inherent constraints". Siegel adds that the Q4 member decline may signal that the management may "long term pricing power".
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