Bread Financial falls after February performance data

Credit card company Bread Financial's BFH.N shares fall 5.9% to $46.31 after releasing February performance update

TD Cowen says delinquencies were worse than historical seasonality in February for BFH, while loan balances were below expectations

Brokerage says BFH is seeing slowing loan growth due to credit tightening and slower consumer spend

Jefferies says February results pointed towards higher delinquencies and net charge-offs, or debt that is unlikely to be collected

Six of 16 brokerages rate the stock "buy" or higher, eight "hold" and two "sell"; the median PT is $70 - data compiled by LSEG

BFH stock down 24% YTD