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Bread Financial price target raised to $85 from $68 at TD Cowen

TD Cowen analyst Moshe Orenbuch raised the firm’s price target on Bread Financial (BFH) to $85 from $68 and keeps a Hold rating on the shares. The firm updated its price target to reflect is outlook in the Specialty Finance sector affected by macro economic factors and secualr growth in various areas of credit card, auto lending, student lending, non-prime lending, buy-now-pay-later, and lease to own.

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