Wells Fargo analyst Steven Cahall raised the firm’s price target on OneMain Holdings to $109 from $84 and keeps an Overweight rating on the shares. The firm notes OneMain Holdings’ shares are rallying post a 2023 outlook that trailed consensus estimates. Wells believes that OneMain is benefiting from improving risk sentiment including increasing optimism around a soft landing.
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Published first on TheFly
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Read More on OMF:
- OneMain Holdings price target raised to $55 from $49 at JMP Securities
- OneMain Holdings price target raised to $46 from $39 at Barclays
- OneMain Holdings rises 9.9%
- OneMain sees low to mid single digit managed receivables growth in 2023
- OneMain expects receivables to reach $400M-$500M at year-end 2023