RBC Capital lowered the firm’s price target on OneMain Holdings to $50 from $55 and keeps an Outperform rating on the shares. The firm said the company reported a “solid” Q3 with credit metrics consistent with expectations and seasonal trends. While FY23 NCO outlook is only slightly higher than the firm’s previous estimates, focus may be on bifurcating credit performance in the front/back book, the analyst tells investors in a research note.
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