OneMain price target raised to $52 from $49 at Wells Fargo

Wells Fargo analyst Michael Kaye raised the firm’s price target on OneMain (OMF) to $52 from $49 and keeps an Equal Weight rating on the shares. The firm notes shares rallied post-earnings, which it believes was due to better than expected delinquency improvement. Wells stays on the sidelines as it wants to see continued credit progress, including visibility to the normalized NCO range of 6%-7%.