Keefe Bruyette downgraded Bread Financial to Market Perform from Outperform with a price target of $35, down from $60. Based on rising macroeconomic risks and other negative data points, the analyst is adopting an even more defensive posture. In conjunction with this view, the firm downgraded both Bread Financial and Synchrony Financial.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on BFH:
- Bread Financial reports loans at February-end $18.11M vs. $16.8M last year
- Bread Financial reports loans at January-end $21M vs. $17M last year
- Bread Financial management to meet virtually with Seaport Global
- CFPB credit card late fee proposal ‘more onerous than expected,’ says BTIG
- CFPB proposes lowering excessive credit card late fee cap to $8