Bread Financial Holdings surged 2.8% to $108.14 during morning trading on Tuesday, outperforming broader U.S. equity benchmarks.
The upgrade from Wolfe Research to Outperform from Peerperform reflected the firm’s upward revision to Bread Financial’s financial outlook. Wolfe set a price target of $130, implying a 24% upside from the previous close and a valuation anchored at 1.6 times estimated tangible book value per share for 2027.
The analyst firm’s upgrade followed Bread Financial’s second-quarter 2026 results, which exceeded expectations. The company reported diluted earnings per share of $3.55, well above the consensus estimate of $2.70, and revenue of $993 million, surpassing projections. The stock’s 52-week range stands at $53.83 to $114.53, with shares trading near the upper end of that band.
During the session, the S&P 500 rose 0.2%, the Dow Jones added 0.1%, and the Nasdaq gained 0.5%, with Bread Financial contributing to the broader market’s modest gains.
