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Stock Trades Down, Here Is Why
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Stock Trades Down, Here Is Why
What Happened? Shares of exercise equipment company Peloton (NASDAQ:PTON) fell 6.8% in the afternoon session after Morgan Stanley downgraded the company to an Underweight rating and lowered its price target to $4.50 from $5.50. Analyst Nathan Feather cited structural headwinds rather than cyclical…
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