Peloton target price cut by BofA after safety warning on treadmills - CNBC

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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Safety concerns about Peloton's treadmill could dampen the company's subscriber growth, Bank of America told clients Monday.

On Saturday, U.S. Consumer Product Safety Commission warned that people should not use Peloton's Tread+ if children or small pets are at home. The stock was down 3% in early trading Monday.

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