Citigroup Reinstates Buy on OneMain Holdings, Maintains $50 Price Target
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Arren Cyganovich has reinstated OneMain Holdings (NYSE:OMF) with a Buy rating and maintains a $50 price target.
July 10, 2023 | 2:26 pm
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NEUTRAL IMPACT
Citigroup analyst Arren Cyganovich has reinstated a Buy rating on OneMain Holdings, maintaining a $50 price target.
While this news is about Citigroup's analyst's rating on OneMain Holdings, it doesn't directly impact Citigroup's own stock. However, it does reflect on the bank's market analysis capabilities.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Citigroup has reinstated a Buy rating on OneMain Holdings and maintains a $50 price target.
The reinstatement of a Buy rating by Citigroup, a major financial institution, is a strong positive signal for OneMain Holdings. The maintained price target of $50 also indicates Citigroup's confidence in the company's performance, which could lead to an increase in investor confidence and potentially a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100