Citizens Lowers OneMain (OMF) PT to $63, Says Reserve Levels Were Elevated Exiting Q2
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Price: $59.34 +2.93%
Rating Summary:
15 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 1 | Down: 17 | New: 0
Rating Summary:
15 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 1 | Down: 17 | New: 0
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Citizens analyst David Scharf lowered the price target on OneMain (NYSE: OMF) to $63.00 (from $65.00) while maintaining a Market Outperform rating.
The analyst commented, "Several lenders exited 2Q with reserve levels that remained elevated, in our view, relative to their loss guidance. We highlight OneMain Financial (OMF, Market Outperform, $63 PT) and Synchrony Financial (SYF, Market Outperform, $88 PT)."
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