BofA analyst Mihir Bhatia lowered the firm’s price target on OneMain to $56 from $57 and keeps a Buy rating on the shares. The firm lowered its 2024 and 2025 EPS estimates for OneMain to $4.60 from $5.00 and $7.47 from $7.66, respectively, to account for a higher reserve ratio given sustained macroeconomic uncertainty, the analyst tells investors.
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