OneMain downgraded to Underweight from Neutral at JPMorgan

JPMorgan analyst Richard Shane downgraded OneMain (OMF) to Underweight from Neutral with a price target of $65, up from $59. The firm adjusted consumer finance ratings as part of its Q4 preview. JPMorgan says OneMain’s borrowers may face headwinds if prices remain elevated and wage growth “remains muted.” Tighter immigration policies may support modest wage growth for hourly and blue-collar workers, the analyst tells investors in a research note.