RBC Capital raised the firm’s price target on Bread Financial (BFH) to $70 from $64 and keeps a Sector Perform rating on the shares after its Q3 earnings beat. The company’s fundamentals were driven by improving year over year credit trends which supported another modest reserve release, and the firm sees the quarterly results and outlook as stable, the analyst tells investors in a research note.
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- Bread Financial price target raised to $55 from $53 at Morgan Stanley
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