KeyBanc analyst Edward Yruma raised the firm’s price target on Peloton Interactive to $70 from $55 and keeps an Overweight rating on the shares. The stock closed Tuesday up $1.85 to $54.88. Peloton remains one of the analyst’s favorite ideas in internet retail. Delivery times are still quoted at 7-11 weeks, and trends remain “very soft” at physical boutique competitors, Yruma tells investors in a research note. The analyst points out that SoulCycle has restricted in-person capacity to 25% and that his channel checks point to low class sell outs. He believes social distancing will severely limit the boutique fitness market for the foreseeable future and sees “multiple catalysts” for Peloton to drive long-term growth.