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.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BFH:
- Bread Financial price target raised to $55 from $53 at Morgan Stanley
- Bread Financial price target raised to $68 from $63 at TD Cowen
- Bread Financial price target raised to $72 from $70 at JPMorgan
- Bread Financial price target raised to $68 from $60 at Goldman Sachs
- Bread Financial price target raised to $52 from $50 at Barclays