UBS initiated coverage of Bread Financial (BFH) with a Buy rating and $92 price target The franchise appears poised to enter the next phase of its turnaround, supported by a significantly strengthened balance sheet, lower leverage, and improved capital levels, the analyst tells investors in a research note. Despite a sharp rebound in the stock, further upside remains as credit losses improve, revenue growth inflects, and valuation multiples continue to expand.
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