OMF - OneMain's Prudent Moves Amid Economic Uncertainty: Analyst Highlights Strong Forecast For FY23 | Benzinga
BMO Capital Markets analyst James Fotheringham reiterated a Market Perform rating for OneMain Holdings, Inc. (NYSE: OMF) with a price target of $46.
Fotheringham remains impressed by OMF's execution: managing credit and funding risks prudently ahead of an impending economic and rate cycle (respectively).
Despite macroeconomic uncertainties, investors are receptive to OMF's improving credit (forecast loss rates to decline in 2H23E half-on-half and 2024E year-on-year), accelerating loan growth (3Q23 now expected at upper-end of recently raised ...