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OneMain price target raised to $70 from $63 at Citizens JMP

Citizens JMP raised the firm’s price target on OneMain (OMF) to $70 from $63 and keeps an Outperform rating on the shares. OneMain’s Q3 results showed stable credit trends as well as a stronger origination growth outlook, and OneMain is benefiting from better scale in the business, recent product and technology investments, more favorable funding costs, and management appears poised to meaningfully accelerate capital returns given significant excess capital generation, the analyst tells investors in a research note.

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