Peloton, Fiverr and Chewy downgraded to sell at UBS

Fixes spelling of Chewy Inc.

In a note on U.S. internet and interactive entertainment stocks, UBS downgraded Peloton Interactive PTON, -4.50%, Fiverr International FVRR, -1.08% and Chewy CHWY, -5.69% to sell from neutral. Analysts led by Eric Sheridan said the three stocks are “emblematic of a market that values growth over any semblance of valuation that can be justified on a multiple year view based on our fundamental analysis.” Take-Two Interactive Software TTWO, +0.41% was downgraded to neutral from buy.

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