OneMain price target lowered to $52 from $54 at Citi

Citi analyst Arren Cyganovich lowered the firm’s price target on OneMain to $52 from $54 and keeps a Buy rating on the shares post the Q4 report. OneMain expects 2024 to be the peak net-charge off year with an improvement coming in the second half of the year, the analyst tells investors in a research note. The firm says credit losses are peaking higher than expected, but not materially, and the revenue growth outlook is better than anticipated, helping to mitigate the higher loss content.