Wedbush Cuts Price Target on Peloton (PTON) to $107
b'I am a big advocate that Peloton (PTON) needs a second act, says James Hardiman of Wedbush Securities. He thinks the new treadmill can be that, but discusses the headwinds including the safety recalls. He says they will need to hit and exceed numbers during the remaining three quarters of the year. Wedbush cuts price target to $107 from $115 with a neutral rating but adds that Peloton is still a fantastic growth company.'