TD Cowen analyst Moshe Orenbuch has revised the price target for Bread Financial (BFH, Financial), reducing it from $56 to $55. Despite this adjustment, the analyst maintains a Hold rating on the company's shares.
This decision follows the evaluation of Bread Financial's first-quarter results. During the recent earnings call, the company's management expressed a cautiously optimistic outlook amid prevailing macroeconomic uncertainties. Nevertheless, they highlighted that consumer performance remains robust at this juncture.
