Bread Financial price target raised to $53 from $51 at Barclays

Barclays raised the firm’s price target on Bread Financial (BFH) to $53 from $51 and keeps an Underweight rating on the shares. The company’s Q4 earnings beat estimates primarily due to lower non-interest expenses and a tax benefit, the analyst tells investors in a research note. The firm says the revenue guide came in weaker than it expected.