Bread Financial price target lowered to $34 from $35 at Barclays

Barclays lowered the firm’s price target on Bread Financial (BFH) to $34 from $35 and keeps an Underweight rating on the shares. The company’s Q3 earnings beat, driven mainly by lower expenses, and its credit performance in fiscal 2024 appears to be in-line with the current guidance, but the early look on 2025 shows limited credit improvement, the analyst tells investors in a research note.