Morgan Stanley analyst Jeffrey Adelson raised the firm’s price target on Bread Financial (BFH) to $55 from $53 and keeps an Underweight rating on the shares. Though the firm “did walk away encouraged by credit trends” in Q3, it argues that macro and lower-end consumer risks still remain for the more nonprime and retail lender.
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Read More on BFH:
- Bread Financial price target raised to $68 from $63 at TD Cowen
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- Bread Financial Holdings: Strong Q3 Performance and Strategic Initiatives Justify Buy Rating