Bread Financial price target lowered to $32 from $35 at RBC Capital

RBC Capital lowered the firm’s price target on Bread Financial to $32 from $35 and keeps a Sector Perform rating on the shares. The company’s Q3 was a good quarter with the provision and margin driving EPS above the firm’s expectations, the analyst tells investors in a research note. Bread Financial’s outlook is “mostly consistent” as the company navigates a more challenging environment for their customer base and prepares for a possible final CFPB late fee rule, the firm added.