JMP downgrades Peloton to market perform, says consumer interest is slumping

thumbnail
Jesse Pound@/in/jesse-pound@jesserpound
WATCH LIVE
Cari Gundee rides her Peloton exercise bike at her home in San Anselmo, California, April 6, 2020.
Ezra Shaw | Getty Images

The new year is not shaping up to be a rebound period for Peloton, according to JMP Securities.