BofA analyst Mihir Bhatia raised the firm’s price target on Bread Financial (BFH) to $65 from $55 and keeps a Buy rating on the shares. The firm is raising its multiples across the pure-play card issuers following the election as investor optimism around regulatory relief, lower tax rates, and faster growth has improved sentiment across the sector, the analyst noted.
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Read More on BFH:
- Bread Financial price target lowered to $56 from $58 at Seaport Research
- Bread Financial price target raised to $50 from $48 at TD Cowen
- Bread Financial price target lowered to $55 from $57 at BofA
- Bread Financial price target lowered to $34 from $35 at Barclays
- Bread Financial Reports September 2024 Performance Update
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