Wedbush downgrades Peloton, says customer engagement falling with gyms reopened

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Jesse Pound@/in/jesse-pound@jesserpound
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A Peloton Interactive Inc. logo on a stationary bike at the company's showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021.
Adam Glanzman | Bloomberg | Getty Images

Peloton needs to prove it can grow in a post-pandemic world before the stock can beat the market again, according to investment firm Wedbush.