Peloton Stock Pushes Higher After BofA Issues Double Upgrade on CEO Change, Q1 Results
Peloton(PTON) Investopedia·2024-11-04 18:05
Key TakeawaysPeloton shares rose again Monday after a double rating upgrade from Bank of America Securities.The company's first-quarter results beat expectations last week, and the company named a new CEO.BofA believes the new leadership can achieve $100 million in efficiency savings over the next few years. Peloton Interactive (PTON) shares raced higher Monday after its strong first-quarter results drew a double upgrade from analysts at Bank of America Securities. The bank raised its rating to “Buy” from “ ...