Peloton Analysts Bullish After Earnings Beat: 'Recalls Not As Bad As Feared'

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Peloton Interactive Inc (NASDAQ:PTON) shares rebounded by 2.6% on Friday after the company reported impressive fiscal third-quarter sales growth and assured investors it’s working quickly to resolve safety issues with its treadmills.

Treadmill Relaunch Ahead: Telsey Advisory Group analyst Dana Telsey said the financial impact of the treadmill recall is “not as bad as feared,” and the stock has likely bottomed. “Importantly, the company believes the Tread launch could proceed in the US this summer, potentially as early as July, earlier than we anticipated,” Telsey wrote.

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