Goldman Sachs Maintains Sell on Bread Finl Hldgs, Raises Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Ryan Nash has maintained a Sell rating on Bread Financial Holdings (NYSE:BFH) but increased the price target from $27 to $31.

December 18, 2023 | 1:46 pm
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Goldman Sachs reaffirmed a Sell rating on Bread Financial Holdings, yet raised the price target from $27 to $31, indicating a potential downside but with a slightly improved outlook.
The maintenance of a Sell rating suggests that Goldman Sachs still sees potential weaknesses or risks in Bread Financial Holdings' stock. However, the increase in the price target could imply that the firm acknowledges some positive developments or a less negative outlook than previously assessed. This mixed signal might lead to short-term uncertainty among investors, potentially exerting downward pressure on the stock price.
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