UBS downgrades Peloton, sees limited upside after stock more than doubles this year

Peloton machine
Source: Peloton

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UBS sees limited upside for high-flying "stay-at-home" stock Peloton after its 122% gain in 2020. 

The Wall Street firm downgraded shares of Peloton to neutral from buy, sending shares of the stationary bike maker down 2.5% in premarket trading on Thursday.