Morgan Stanley Maintains Equal-Weight on Bread Finl Hldgs, Lowers Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck has maintained an Equal-Weight rating on Bread Financial Holdings (NYSE:BFH) but reduced the price target from $32 to $31.
November 16, 2023 | 12:40 pm
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Morgan Stanley has maintained its Equal-Weight rating on Bread Financial Holdings but lowered the price target from $32 to $31.
The reduction in price target by a major analyst like Morgan Stanley can lead to a negative perception among investors, potentially causing a short-term dip in the stock price of BFH. However, since the rating was not downgraded, the impact may be moderate rather than severe.
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