Compass Point analyst Dave Rochester maintains $Bread Financial (BFH.US)$ with a buy rating, and adjusts the target price from $60 to $63.
According to TipRanks data, the analyst has a success rate of 66.4% and a total average return of 10.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Bread Financial (BFH.US)$'s main analysts recently are as follows:
The third-quarter results from Bread Financial held few surprises, and the unchanged full-year guidance was noted. The slight underperformance of the shares is seen as a result of ongoing uncertainty regarding the timing of credit loss rate improvements. A 'soft landing,' recent industry-wide credit tightening, and a deceleration in loan growth are expected to favorably impact loss rates, particularly in the latter half of 2025. Furthermore, Bread Financial's projected reserve rate suggests that losses in 2025 will likely be comparable to or better than those in 2024.
Bread Financial's Q3 earnings exceeded expectations primarily due to reduced expenses, and its credit performance for fiscal 2024 seems to align with present guidance. However, projections for 2025 indicate minimal improvement in credit.
Note:
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