Goldman Sachs Sticks to 'Sell' Recommendation for Bread Financial, Sets Target at $40
Wednesday, 12 June 2024, 16:29
Goldman Sachs Reaffirms 'Sell' Rating on Bread Financial with $40 Target Price
Goldman Sachs has maintained its 'sell' rating on Bread Financial and retained a target price of $40. The decision to stick with the 'sell' recommendation underscores the concerns the investment bank has about the company's performance.
Key Points:
- Risks Identified: Goldman Sachs reiterates the risks associated with Bread Financial's business model.
- Challenges Ahead: The analysis points out the challenges that the company may encounter in the near future.
- Investor Implications: Investors are advised to consider this 'sell' rating before making decisions related to Bread Financial.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.