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File-This Sept. 26, 2019, file photo shows the Peloton logo on the company's stationary bicycle in New York. Shares of exercise bike company Peloton were under pressure Tuesday, Dec. 10, 2019, from a scathing research report that comes on the heels of blowback from its widely mocked ad. Andrew Left of Citron Research is well known on Wall Street for targeting companies he thinks have flawed business models and placing bets that their stocks will fall. He's now taking aim at New York-based Peloton Interactive Inc. He put a price target of $5 on the stock Tuesday. That would be an 86% drop from where it stood at the close of trading Monday. Peloton went public in September at $29 a share. The stock was down $2.45, or 7%, at $32.32 in afternoon trading Tuesday. (AP Photo/Mark Lennihan, File)

File-This Sept. 26, 2019, file photo shows the Peloton logo on the company's stationary bicycle in New York. Shares of exercise bike company Peloton were under pressure Tuesday, Dec. 10, 2019, from a scathing research report that comes on the heels of blowback from its widely mocked ad. Andrew Left of Citron Research is well known on Wall Street for targeting companies he thinks have flawed business models and placing bets that their stocks will fall. He's now taking aim at New York-based Peloton Interactive Inc. He put a price target of $5 on the stock Tuesday. That would be an 86% drop from where it stood at the close of trading Monday. Peloton went public in September at $29 a share. The stock was down $2.45, or 7%, at $32.32 in afternoon trading Tuesday. (AP Photo/Mark Lennihan, File)

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