Barclays Initiates Coverage On Bread Finl Hldgs with Underweight Rating, Announces Price Target of $24
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Terence Malone has initiated coverage on Bread Financial Holdings (NYSE:BFH) with an Underweight rating and set a price target of $24 for the company's stock.
November 15, 2023 | 5:19 pm
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Barclays has initiated coverage on Bread Financial Holdings with an Underweight rating and a price target of $24, which may influence the stock's performance.
The initiation of coverage by Barclays with an Underweight rating suggests a bearish outlook on the stock, which could lead to a negative perception among investors and potential downward pressure on the stock price in the short term. The price target of $24 also provides a specific expectation that may be compared against the current market price to gauge the stock's potential movement.
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