Seaport Research analyst Bill Ryan raised the firm’s price target on Bread Financial to $49 from $41 and keeps a Buy rating on the shares. Given the preliminary injunction issued on Friday, the firm has moved back to an earnings-based valuation, the analyst tells investors. In the interim, offsetting measures instilled by the company should provide extra earnings and capital buffer should the rules eventually go into effect, the firm adds.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BFH:
- Bread Financial management to meet with Oppenheimer
- Bread Financial upgraded to Outperform from Market Perform at Keefe Bruyette
- Bread Financial cut to Hold at Argus amid challenging revenue environment
- Bread Financial downgraded to Hold from Buy at Argus
- Bread Financial Holdings Announces Dividend and Investor Presentation