Bread Financial price target raised to $68 from $62 at RBC Capital

RBC Capital analyst Jon Arfstrom raised the firm’s price target on Bread Financial (BFH) to $68 from $62 and keeps a Sector Perform rating on the shares after its Q4 results. The company’s fundamentals were stable and seasonally higher loan growth drove quarterly trends, while its 2025 outlook was consistent with the firm’s prior expectation for directional improvement, the analyst tells investors in a research note. Bread Financial looks to be on track to return to stronger growth over time and potentially later in 2025, the firm added.