Truist initiated coverage of OneMain (OMF) with a Buy rating and $75 price target The firm would be buyers of the consumer loan provider given credit tailwinds from tightened credit underwriting that should provide benefits to both credit and loan yields, a shift in capital return that will boost share buybacks above consensus estimates, and a potential catalyst in forming an Industrial Loan Company bank, the analyst tells investors.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OMF:
- OneMain Holdings Announces $1 Billion Senior Notes Sale
- OneMain price target lowered to $68 from $70 at Citizens JMP
- Seeking Up to 10% Dividend Yield? Analysts Suggest 2 Dividend Stocks Worth Buying
- OneMain Holdings Reports Strong Growth Amid Challenges
- OneMain price target raised to $70 from $68 at RBC Capital