Peloton (PTON) is drawing attention as it undergoes a significant transformation phase. Bernstein analyst Aneesha Sherman joins Morning Brief to share her insights on the company's outlook.

Sherman observes that Peloton is currently in a phase that is not focused on growth, as the company searches for a new CEO and works on enhancing its operations. "They're just saying 'let's just make this a better quality company, let's just take off the table any issues of growing concerns'," she explains to Yahoo Finance.

Looking ahead, Sherman emphasizes the importance of new leadership, stating, "We need to see that new CEO come in with a strategy that talks about what is this going to be long-term." She tells Yahoo Finance that the incoming CEO must have a growth-oriented mindset to steer the company in the right direction.

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This post was written by Angel Smith