Morgan Stanley Downgrades Bread Finl Hldgs to Underweight, Announces $25 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck downgraded Bread Finl Hldgs (NYSE:BFH) from Equal-Weight to Underweight and set a price target of $25.
December 13, 2023 | 1:42 pm
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Bread Finl Hldgs was downgraded by Morgan Stanley from Equal-Weight to Underweight with a new price target of $25.
Downgrades by major analysts like Morgan Stanley can lead to a negative perception among investors, potentially causing a short-term decline in the stock's price. The new price target of $25 suggests a bearish outlook on the stock's value.
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