Jefferies raised the firm’s price target on Bread Financial (BFH) to $50 from $45 and keeps a Hold rating on the shares after Q1 adjusted EPS of $2.78 beat the firm’s and Street’s estimates. Credit was a positive with lower net charge offs and delinquencies year-over-year, while updated guidance for FY25 calls for lower loan and revenue growth than consensus, but credit and operating expense targets were maintained, the analyst noted.
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Read More on BFH:
- Cautious Outlook on Bread Financial Holdings Amid Economic Uncertainties and Weak Loan Growth
- Bread Financial price target raised to $36 from $33 at Morgan Stanley
- Bread Financial Reports Strong Q1 2025 Results
- Bread Financial Reports Q1 2025 Performance Update
- Bread Financial reports Q1 cont ops EPS $2.86, consensus $2.23
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