Jefferies raised the firm’s price target on Bread Financial (BFH) to $50 from $45 and keeps a Hold rating on the shares after Q1 adjusted EPS of $2.78 beat the firm’s and Street’s estimates. Credit was a positive with lower net charge offs and delinquencies year-over-year, while updated guidance for FY25 calls for lower loan and revenue growth than consensus, but credit and operating expense targets were maintained, the analyst noted.
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