TD Cowen analyst Moshe Orenbuch maintains $Bread Financial (BFH.US)$ with a hold rating, and adjusts the target price from $57 to $50.
According to TipRanks data, the analyst has a success rate of 68.5% and a total average return of 20.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Bread Financial (BFH.US)$'s main analysts recently are as follows:
The Q3 results of Bread Financial held few surprises, with the company maintaining its full-year guidance. The moderate underperformance of the shares is believed to be due to the ongoing uncertainty regarding the timing of credit loss rate improvements. It is anticipated that a gentle economic downturn, coupled with the industry's recent tightening of credit and a deceleration in loan growth, will positively impact loss rates, particularly in the latter half of 2025. Furthermore, Bread Financial's reserve rate projections suggest that the loss rates in 2025 could align with or surpass the levels seen in 2024.
Bread Financial's Q3 earnings surpassed expectations predominantly due to reduced expenditures, and the credit outlook for fiscal 2024 seems to align with existing projections. However, preliminary insights into 2025 suggest only modest enhancements in credit performance.
Bread Financial reported a third-quarter miss in Net Interest Income, although operational expenses were more favorable; guidance remained steady with management observing stability.
Note:
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