(This is CNBC Pro’s live coverage of Friday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A glasses retailer and a pet product e-commerce company were among the stocks being talked about by analysts on Friday. JMP Securities upgraded Warby Parker to market outperform, calling for more than 40% upside. Meanwhile, JPMorgan lowered its rating on Peloton. Check out the latest calls and chatter below. All times ET. 5:43 a.m.: JPMorgan lowers Peloton rating to neutral from overweight following massive Thursday rally JPMorgan is less bullish on Peloton following the stock’s eye-watering rally on Thursday. The bank downgraded the exercise equipment stock to neutral from overweight. Analyst Doug Anmuth also lowered his price target to $5 from $7. Anmuth cited Peloton’s Thursday move, where the stock gained 35% following strong quarterly results, as a catalyst for the downgrade. “We are moving from Overweight to Neutral rated as PTON’s return to growth in CF Subs & Revenue remains challenging, & visibility is limited given secular & macro pressures,” the analyst wrote. Anmuth added that Peloton may require a new CEO to actually lay the groundwork for the company’s future. However, the analyst also specified that he positive on Peloton in the long run. “We are encouraged by PTON’s recent debt re-financing & ongoing cost rationalization, & we believe the company maintains a solid brand with a valuable subscriber base (
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Business News, Investment strategy, Peloton Interactive Inc, stock markets, Warby Parker Inc
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