Piper Sandler Downgrades OneMain Holdings to Neutral, Announces $49 Price Target
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Kevin Barker downgraded OneMain Holdings (OMF) from Overweight to Neutral and set a price target of $49. This adjustment reflects a change in the firm's outlook on OMF, potentially due to recent performance or market conditions.

February 08, 2024 | 12:15 pm
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NEUTRAL IMPACT
OneMain Holdings was downgraded by Piper Sandler from Overweight to Neutral with a new price target of $49.
The downgrade to Neutral suggests a more cautious view on OMF's near-term growth prospects or valuation, potentially leading to a neutral short-term price movement. The $49 price target indicates a specific valuation expectation but does not necessarily imply a significant upside or downside, hence the neutral score.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100