Bank of America downgrades Peloton after the company’s treadmill recall

Bank of America downgrades Peloton after the company’s treadmill recall

Maggie Lu uses a Peloton Tread treadmill during CES 2018 at the Las Vegas Convention Center on January 11, 2018 in Las Vegas, Nevada.

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Bank of America downgraded Peloton on Wednesday after the closing bell as concerns mount over the company's recall of its Tread and Tread+ machines.