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Bank of America upgrades Peloton to buy despite disappointing quarterly results

A Peloton exercise bike is seen after the ringing of the opening bell for the company's IPO at the Nasdaq Market site in New York City, New York, U.S., September 26, 2019.
Shannon Stapleton | Reuters

Shares of Peloton were under pressure on Friday after a disappointing quarterly report, but Bank of America said the stock presents significant upside for investors.

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