Intesa Sanpaolo on Wednesday downgraded reinsurance company Swiss Re (SREN.SW) to underperform from neutral, while raising its price target to 126 francs from 119 francs.
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(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)