Peloton price target lowered to $9 from $11 at BofA

Group 1 - BofA has lowered the price target on Peloton (PTON) to $9 from $11 while maintaining a Buy rating ahead of the fiscal Q2 results report on February 5 [1] - The firm remains optimistic about Peloton's product-led strategy, AI integration, and expanding ecosystem [1] - The reduction in price target is attributed to expectations of higher churn following the price increases implemented in October [1]