stock rose Thursday, but the company’s recent treadmill recalls lost it a bullish analyst.
BofA Securities analyst Justin Post lowered his rating on Peloton stock (ticker: PTON) to Neutral from Buy in a note Wednesday night. He also cut his price objective by $50 to $100.
Peloton stock was up 1.6% to $83.92 Thursday. But that could change dramatically in after-hours trading, when the company is set to report quarterly results.
Post’s downgrade followed a nearly 15% drop for Peloton stock on Wednesday, after the company said it was recalling its Tread and Tread+