Bread Financial price target raised to $46 from $40 at RBC Capital

RBC Capital analyst Jon Arfstrom raised the firm’s price target on Bread Financial to $46 from $40 and keeps an Outperform rating on the shares. The company’s Q2 results were “decent” while its outlook was mostly consistent despite slightly slower growth expectations, the analyst tells investors in a research note. Managing through a more challenging economic and credit environment while delivering positive operating leverage remain Bread Financial’s “important goals”, the firm adds.