Bread Financial price target raised to $105 from $90 at RBC Capital

RBC Capital raised the firm’s price target on Bread Financial (BFH) to $105 from $90 and keeps a Sector Perform rating on the shares after its Q1 earnings. Results were driven by expected seasonality as core fundamentals continue to show improvement on a year-over-year basis, and although there is uncertainty in the macro, the firm is encouraged by the resiliency of the consumer and expects improving loan growth, the analyst tells investors in a research note.