Bread Financial upgraded to Outperform from In Line at Evercore ISI

Evercore ISI analyst John Pancari upgraded Bread Financial (BFH) to Outperform from In Line with a price target of $90, up from $81. The firm, which notes that its updated EPS outlook is modestly above the Street, expects Bread’s improving earnings trends, inflecting growth, well-managed credit risk, and “solid” capital returns to present upside to the stock’s discount valuation, the analyst tells investors.