On Oct 25, major Wall Street analysts update their ratings for $Bread Financial (BFH.US)$, with price targets ranging from $34 to $63.
Morgan Stanley analyst Jeffrey Adelson maintains with a sell rating, and maintains the target price at $35.
BofA Securities analyst Mihir Bhatia maintains with a buy rating, and adjusts the target price from $57 to $55.
Barclays analyst Terry Ma maintains with a sell rating, and adjusts the target price from $35 to $34.
RBC Capital analyst Jon Arfstrom maintains with a hold rating, and maintains the target price at $52.
Compass Point analyst Dave Rochester maintains with a buy rating, and adjusts the target price from $60 to $63.
Furthermore, according to the comprehensive report, the opinions of $Bread Financial (BFH.US)$'s main analysts recently are as follows:
There were minimal surprises in the third quarter results of Bread Financial, with the company maintaining its full-year guidance. The modest underperformance of the shares is being attributed to ongoing uncertainty regarding the timing of credit loss rate improvements. The expectation of a gentle economic downturn, recent industry-wide credit tightening, and deceleration in loan growth are anticipated to positively influence loss rates, particularly in the latter half of 2025. Furthermore, Bread Financial's projection for reserve rates suggests that the credit losses in 2025 could align with or potentially outperform those in the previous year.
Bread Financial's Q3 earnings surpassed expectations primarily due to reduced expenditures. The credit performance for fiscal 2024 is anticipated to align with the present guidance. However, preliminary insights into fiscal 2025 suggest minimal improvement in credit metrics.
Here are the latest investment ratings and price targets for $Bread Financial (BFH.US)$ from 6 analysts:
Note:
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