HSBC on Wednesday upgraded Dubai-listed carrier Air Arabia (DFM:AIRARABIA) to hold from reduce and kept its price target at 5.00 Emirati dirhams.
(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
(Update include analyst commentary.)Morgan Stanley downgraded Peloton Interactive (PTON) to underweight from equalweight, saying 'structural headwinds weigh on gross adds' resulting in a declining subscriber growth.According to a note Tuesday, "growing interest in strength training and rising gym adoption are pressuring gross adds for PTON with its current product suite".Analysts at the firm highlighted that Peloton's $50/month subscription fee is the company's main earnings source and with a declining subscriber base, profitability will take a hit.The brokerage also decreased Peloton's price target to $4.50 from $5 on lower estimates.Peloton Interactive has an average rating of overweight and mean price target of $7.90, according to analysts polled by FactSet.Price: $5.14, Change: $-0.26, Percent Change: -4.81%
EchoStar (ECHO) has an average rating of overweight and mean price target of $130.50, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $91.26, Change: $+1.46, Percent Change: +1.62%
M&T Bank (MTB) has an average rating of hold and mean price target of $260.25, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)