RBC Capital Downgrades Bread Finl Hldgs to Sector Perform, Lowers Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
RBC Capital's analyst Jon Arfstrom has downgraded Bread Finl Hldgs (NYSE:BFH) from Outperform to Sector Perform and lowered the price target from $46 to $43.
September 05, 2023 | 10:56 am
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Bread Finl Hldgs has been downgraded by RBC Capital from Outperform to Sector Perform, with a reduced price target of $43.
The downgrade from Outperform to Sector Perform by RBC Capital indicates a less optimistic outlook for Bread Finl Hldgs. The reduction in price target from $46 to $43 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
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IMPORTANCE 80
RELEVANCE 100