Bread Financial price target raised to $105 from $92 at BofA

BofA raised the firm’s price target on Bread Financial (BFH) to $105 from $92 and keeps a Buy rating on the shares. The company is off to a good start to the year, reporting “strong” Q1 metrics above the firm’s and Wall Street’s estimates across the board as NIM, operating expenses, and loan growth all exceeded expectations, the analyst tells investors in a research note. The firm added, however, that FY26 guidance remained unchanged as management is maintaining conservatism given the uncertain macro environment.